Bitcoin near $96,000 - awaiting Trump's next support measure.

December 4, 2024 11:09 JST
Speculators in the cryptocurrency market continue to consider pushing above the 0.1 million dollar mark.
At a South Korean exchange, on the 3rd, amid political turmoil, Bitcoin temporarily fell below $72,000.
Speculators in the cryptocurrency market continue to consider pushing Bitcoin above the 0.1 million dollar mark, anticipating further support measures from the future U.S. President Trump.
As of the morning of the 4th, Asian time, Bitcoin is around $96,000. Since Mr. Trump's presidential election victory on November 5th, it has risen by over 40%. The Republican Party is planning to revise its stance on cryptocurrency under the Biden administration.

Meanwhile, in South Korea on the 3rd, amid political turmoil, risk aversion intensified, causing prices of other tokens such as XRP and Dogecoin, in addition to Bitcoin, to deviate significantly from global levels.

South Korea's President Yoon Suk-yeol announced on the 4th that he would lift the 'emergency martial law' declared the previous night, in a move that appeared to bow to opposition from lawmakers. The announcement sent shockwaves through the market. On the 3rd, bitcoin temporarily dropped below $72,000 at South Korea's exchanges.