This Is Real... Bitcoin Touches '100,000 Dollars' [3-Minute Brief]

Published 06 Dec.2024 08:00(KST)

Updated 19 Jan.2025 11:22(KST)

[At a Glance]
① Bank of Korea: "Martial Law, Limited Market Impact"
② K-Food Boom Drives Record Kimchi Exports
③ Increased Sales of Daily Necessities Amid Martial Law

MARKET INDEX : Year to date
This Is Real... Bitcoin Touches '100,000 Dollars' [3-Minute Brief] 원본보기 아이콘

○ US New York Stock Exchange's three major indices all closed lower

○ After all three indices hit new highs the previous day, the market took a wait-and-see stance

○ Investors focus on the US Department of Labor's November employment report

Top3 NEWS
■ Bank of Korea: "Martial law lifted quickly... limited impact on the market"
○ Bank of Korea, Q3 national income (provisional) briefing
○ "It is premature to judge the impact on the real economy now"
○ "If Q4 grows by 0.5%, annual growth of 2.2% is possible"
■ Bitcoin breaks all-time high, surpassing $100,000... Trump's 'pro-coin' moves bring positive momentum
○ Leading cryptocurrency Bitcoin first hits $100,000 on the 5th
○ Due to many 'pro-coin' figures appointed to the cabinet
○ Expectations for a favorable environment for the cryptocurrency industry
■ 'Poor business conditions and even the big whale' POSCO Group stocks hit new lows amid a series of negative factors
○ Steel and secondary battery sectors' poor conditions, consecutive fires causing stock price decline
○ Impact of big whale-related stocks plummeting due to martial law situation
○ POSCO Group's market capitalization has been halved this year
Graphic News: Chinese Kimchi Dominates the Table... 'K-Kimchi' Smiles Fade Despite Record Exports
This Is Real... Bitcoin Touches '100,000 Dollars' [3-Minute Brief] 원본보기 아이콘

○ Despite record-high kimchi exports, trade deficit worsens due to surging imports

○ Imported kimchi demand increases mainly among dining-out businesses... price difference of six times

○ Unusual weather raises ingredient costs, slowing consumption... need for stable agricultural product prices

the Chart: Canned goods sales quadruple in one hour... Middle-aged hoarding amid the Fifth Republic experience
This Is Real... Bitcoin Touches '100,000 Dollars' [3-Minute Brief] 원본보기 아이콘

○ Distribution industry monitors the situation and discusses response measures

○ Sudden surge in convenience store daily necessities demand during early morning hours

○ E-commerce order volume also significantly increased compared to usual

Person in the News: Defense Minister Kim Yong-hyun who proposed martial law to Yoon
Kim Yong-hyun, Minister of National Defense, speaking. Photo by Kim Hyun-min

Kim Yong-hyun, Minister of National Defense, speaking. Photo by Kim Hyun-min

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○ Minister Kim Yong-hyun is one year senior to President Yoon Seok-yeol at Chungam High School

○ Issues including investigation interference in Chae Sang-byeong case and KAIST 'gag order' incident

○ 'Chungam faction' placed in key military and police positions suspected of preparing martial law

Today's Key Schedule

○ Domestic

08:00 October Current Account Balance

6th KOSPI M&C Solution subscription, public offering price 65,000 KRW


Seoul Hillstate Deungchon Station


○ Overseas

06:30 US Federal Reserve Balance Sheet

08:30 Japan October Household Spending

09:30 Australia October Housing Loans

13:30 India Interest Rate Decision

16:00 Germany October Trade Balance

19:00 Eurozone Q3 GDP

22:30 US November Average Hourly Earnings

22:30 US November Nonfarm Payrolls

22:30 US November Unemployment Rate

◇ Lunch & Commute Weather
○ Lowest temperature -2℃(▼2℃)｜Highest temperature: 4℃(▼3℃)
○ Precipitation probability 0% in the morning｜0% in the afternoon
○ Fine dust Good in the morning｜Good in the afternoon
This Is Real... Bitcoin Touches '100,000 Dollars' [3-Minute Brief] 원본보기 아이콘

OK in 3 minutes, essential time-efficient economic news. Published daily at 8 AM.



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