Bitcoin at 67 Million Won... Dogecoin Rises Ahead of Musk's Broadcast Appearance

Dogecoin Returns to 800 Won Ahead of Elon Musk's SNL Appearance

On April 23, when the domestic trading price of Bitcoin briefly dropped to the 50 million won range in the morning, customers visiting Bithumb in Gangnam-gu, Seoul, were receiving consultations. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Han Jinju] On the morning of the 8th, Bitcoin was trading in the high 67 million KRW range. Dogecoin continues to show strength ahead of Tesla CEO Elon Musk's appearance on a TV show.

According to the cryptocurrency exchange Bithumb, as of 10:16 AM that day, 1 Bitcoin was priced at 67,947,000 KRW, up 0.38% compared to 24 hours earlier.

On Upbit, Bitcoin was trading at 67,934,000 KRW per coin. Bitcoin had surpassed 70 million KRW on the afternoon of the 6th but has since been on a downward trend.

Ethereum is trading in the 4.1 million KRW range. On Bithumb, Ethereum is priced at 4,164,000 KRW, down 0.57% compared to 24 hours earlier. On Upbit, Ethereum is trading at 4,171,000 KRW per coin.

Dogecoin, listed on Upbit, was trading at 801 KRW at the same time. Dogecoin, which had been hovering in the mid-300 KRW range on the 1st, rose to 887 KRW on the 5th but has been declining over the past two days.

Dogecoin is also strong on overseas exchanges. According to cryptocurrency information site Coindesk, as of 1:30 PM Pacific Time on the 7th (5:30 AM Korean time on the 8th), Dogecoin was trading at $0.6337, up 4.52% compared to 24 hours earlier, approaching its all-time high price of $0.69.

The rise in Dogecoin is attributed to the news that Musk is scheduled to appear on NBC's popular comedy show "Saturday Night Live" (SNL) on the 8th. CNN analyzed that Wall Street is betting that Musk will use this opportunity to play the investment game.

This content was produced with the assistance of AI translation services.