[Anchor]
After Trump's presidential victory, the cryptocurrency plunged, with Bitcoin, which had been on a record-breaking march, once falling below the $95,000 mark.
As it takes time for the second Trump administration's pro-virtual currency policy to be implemented, the move to realize profits appears to have emerged.
I'm correspondent Lee Seung-yoon from New York.
[Reporter]
After Trump's victory in the presidential election, virtual currency, which had been on a high note, turned sharply downward all at once.
Bitcoin's price once fell to $94,282, down 2.34% from a day earlier, plunging 10% compared to the all-time high of $103,900 on the 5th.
Excluding Bitcoin, Ethereum and altcoins such as Ripple, Solana, and Dogecoin fell more.
Analysts say that the "Trump Effect," which reflects expectations for a pro-virtual currency policy since Trump's election, has made some headway.
Earlier, Trump placed pro-virtual currency figures in key positions such as the White House's "virtual currency and AI tsar" and the chairman of the Securities and Exchange Commission.
[Dan Ives / Head of Wedbush Securities Research] Deregulation is definitely going to happen. The new Securities and Exchange Commission chairman is a positive sign as he has a favorable stance on Bitcoin.
However, as it takes time to lead to a pro-virtual currency policy, it is interpreted that the move to realize profits has emerged.
There has also been skepticism about Trump's pledge to strategically stockpile bitcoin like crude oil.Former U.S. Treasury Secretary Lawrence Summers
criticized Bitcoin as nonsense, saying that unlike gold, its strategic stockpile is a pile-up of inventory with no income.
I'm YTN's Lee Seungyoon from New York.
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[Phone] 02-398-8585
[Mail] social@ytn.co.kr
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After Trump's presidential victory, the cryptocurrency plunged, with Bitcoin, which had been on a record-breaking march, once falling below the $95,000 mark.
As it takes time for the second Trump administration's pro-virtual currency policy to be implemented, the move to realize profits appears to have emerged.
I'm correspondent Lee Seung-yoon from New York.
[Reporter]
After Trump's victory in the presidential election, virtual currency, which had been on a high note, turned sharply downward all at once.
Bitcoin's price once fell to $94,282, down 2.34% from a day earlier, plunging 10% compared to the all-time high of $103,900 on the 5th.
Excluding Bitcoin, Ethereum and altcoins such as Ripple, Solana, and Dogecoin fell more.
Analysts say that the "Trump Effect," which reflects expectations for a pro-virtual currency policy since Trump's election, has made some headway.
Earlier, Trump placed pro-virtual currency figures in key positions such as the White House's "virtual currency and AI tsar" and the chairman of the Securities and Exchange Commission.
[Dan Ives / Head of Wedbush Securities Research] Deregulation is definitely going to happen. The new Securities and Exchange Commission chairman is a positive sign as he has a favorable stance on Bitcoin.
However, as it takes time to lead to a pro-virtual currency policy, it is interpreted that the move to realize profits has emerged.
There has also been skepticism about Trump's pledge to strategically stockpile bitcoin like crude oil.Former U.S. Treasury Secretary Lawrence Summers
criticized Bitcoin as nonsense, saying that unlike gold, its strategic stockpile is a pile-up of inventory with no income.
I'm YTN's Lee Seungyoon from New York.
※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr
[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]
