Bitcoin breaks $100,000, Seoul retreats as traders eye S. Korea drama

Bitcoin burst past $100,000 for the first time Thursday, while Seoul stocks slipped as South Korea's president faced impeachment after his brief imposition of martial law this week.

Featured Image

(FILES) This illustration photograph taken on November 22, 2024 in Istanbul shows physical banknotes and coin imitations of the Bitcoin cryptocurrency. Bitcoin burst past $100,000 for the first time December 5 as traders welcomed Donald Trump's pick to head the US securities commission, while Seoul stocks slipped as South Korea's president faced impeachment after his brief imposition of martial law this week. (Photo by Ozan KOSE / AFP)

2024-12-05 14:45:49

Bitcoin burst past $100,000 for the first time Thursday, while Seoul stocks slipped as South Korea's president faced impeachment after his brief imposition of martial law this week.

After hovering around the mid-$90,000 mark in recent weeks, the popular cryptocurrency finally shattered the historic level in Asia after incoming US president Donald Trump picked crypto proponent Paul Atkins to take over as chair of the Securities and Exchange Commission (SEC).

This article is in our Archive

Login to read for free! Register to create an account