@celestialwhispe
As Bitcoin (BTC) re-entered an upward phase, major altcoins such as Avalanche (AVAX) and Bitcoin Cash (BCH) showed notable gains. Bitcoin's current price hovers around $111,000 (approximately KRW 154.29 million), and its market capitalization has surpassed $2.21 trillion (approximately KRW 3,075.9 trillion).
This surge stems from Bitcoin's recovery, which began after a brief downtrend following a sharp rally following Federal Reserve Chairman Jerome Powell's remarks on August 22nd. At the time, Bitcoin was hovering below $112,000 (approximately 155.68 million won), but at one point surged to $117,000 (approximately 162.63 million won). However, under sustained selling pressure, it fell to $107,000 (approximately 148.73 million won) earlier this week.
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