Bitcoin Once Hits First-ever $90,000 In The Market

[Anchor]
Bitcoin, a representative "Trump Trade," or the beneficiary of President-elect Donald Trump, once exceeded $90,000 for the first time in the market.

Some predict that it may reach the $100,000 mark within this year.

I'll connect to the New York bureau to find out more about it. Correspondent Lee Seungyoon!

[Reporter]
Yes, it's New York.

[Anchor]
Bitcoin, which soared with Trump's victory in the U.S. presidential election, finally hit another all-time high?

[Reporter]
Yes, it is.

As of 3:55 p.m. EST on the U.S. cryptocurrency exchange Coinbase, the price of Bitcoin was trading at $9045.35, up 3.4% from 24 hours ago.

It's the first time ever that the price of Bitcoin has exceeded $90,000.

Bitcoin, which had risen to a new all-time high since former President Trump's election on the 5th, exceeded the $89,000 mark the previous day.

Since then, the buying has not exceeded the $90,000 mark, and the price has fluctuated, with a large amount of profit-taking taking place and falling to the $85,000 range.

Since then, Bitcoin has started to rise again, recovering from the $89,000 mark in a few hours, crossing the $90,000 mark.

Bitcoin, which was below $70,000 on the morning of the 5th of the U.S. presidential election, has surged by about 30%p so far, breaking its record high every day since former President Trump's election.

In terms of market capitalization, it surpassed silver and domestic stock markets with $1.7 trillion.

"It will be the policy of the second term of the administration to hold 210,000 Bitcoin held by the U.S. government and 100% Bitcoin to acquire in the future," Trump said, igniting Bitcoin investment sentiment.

Cryptocurrency investors expect Bitcoin to reach $100,000 by the end of the year in the near future.

However, other major cryptocurrencies were mixed.

As of 4:25 PM ET today, Ethereum, the second-largest market cap, was trading down 2.17% at $3,287, and Solana was trading down 2.69% at $213.26.

Dogecoin, floated by Elon Musk, was trading at $0.38, up 17.9% from 24 hours ago.

I'm YTN's Lee Seungyoon from New York.