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Biz News Korea(Eng)
Korean crypto stocks on upward trend as Bitcoin, Ether prices soar
- Collected
- 2023.11.10
- Distributed
- 2023.11.11
- Source
- Go Direct
On the secondary Kosdaq market, Woori Technology Investment Co. was trading at 5,300 won on Friday at 9:15 in the morning, up 7.51 percent from the previous trading day, and Wizit Co. at 950 won, up 3.26 percent.
Woori Technology Investment is categorized as a crypto stock due to its stake in Dunamu Inc., the operator of virtual currency exchange Upbit, while Wizit is known as a stock related to cryptocurrency exchange Bithumb.
The price of Bitcoin was trading at $36,668 at a similar time, up 2.86 percent from 24 hours earlier, according to crypto data tracker CoinMarketCap, surpassing the $37,000 mark earlier in the day and returning the level it saw prior to the failure of stablecoin TerraUSD (UST), which triggered a chain reaction in the cryptocurrency market in 2022.
Meanwhile, following a report that BlackRock Inc., one of the world‘s largest asset managers, filed for approval of an Ethereum spot exchange-traded fund (ETF) from the U.S. Securities and Exchange Commission (SEC) on Thursday local time, the Ethereum price soared to $2,125, up 12.69 percent from 24 hours earlier.
Bitcoin and Ethereum, the first and second largest digital assets by market cap respectively, are going through a price surge as they await the SEC’s spot ETF approval.
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]