[Featured Stock] Virtual Asset Leader Bitcoin Surpasses $40,000, Related Stocks Rally
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The price of Bitcoin, the leading virtual asset, has surpassed $40,000 for the first time since April last year, driving related stocks upward.
As of 10:01 AM on the 4th, Woori Technology Investment was trading at 6,980 KRW, up 22.03% from the previous trading day. Hanwha Investment & Securities recorded a 9.96% increase, trading at 3,090 KRW. Both Woori Technology Investment and Hanwha Investment & Securities hold shares in Dunamu, the operator of the virtual asset exchange Upbit.
According to the global virtual asset market data site CoinMarketCap, as of 9:59 AM on the same day, the price of Bitcoin was $40,202 (approximately 52.26 million KRW), up 1.73% from the previous day.
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This upward trend is attributed to expectations that spot Bitcoin exchange-traded funds (ETFs) applied for by global asset management firms to U.S. regulatory authorities will soon be approved. Additionally, there is analysis suggesting that expectations of interest rate cuts are also driving the rise.
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