Bitcoin breaks an all-time high in four months, reaching $109,493

According to the U.S. cryptocurrency exchange Coinbase on the 21st (local time), the price of each bitcoin reached $109,493, up 5.86% from 24 hours ago

Bitcoin price continued to rise, breaking an all-time high in four months.

According to the U.S. cryptocurrency exchange Coinbase on the 21st (local time), the price of each bitcoin reached $109,493, up 5.86% from 24 hours ago at 11:07 a.m. Eastern time (8:07 a.m. Western time).

This is above the $109,358 price recorded four months ago on January 21.

Bitcoin has fallen to the $74,000 range since January due to global trade tensions, but has rebounded since last month and started to rise again. The price of the day was traded in the 107,000-dollar range, but surged more than $2,000 in about 30 minutes, and it is on the verge of surpassing the $110,000 mark for the first time ever.

The surge in Bitcoin prices comes as news related to virtual currency regulations has had a positive impact.

Earlier, the U.S. Senate passed the "stablecoin bill" on the 19th. Stablecoin is a virtual currency that fixes its value to certain assets such as the U.S. dollar or the euro to minimize price volatility. The main point of the bill is to strengthen the requirements for issuing stablecoins and collateral, and to make compliance with anti-money laundering laws mandatory. Although it is a stablecoin regulation bill, the market is evaluating that the coin is recognized as a legitimate financial instrument.

Also, the news that the Texas House of Representatives passed a bill on the 20th that would allow Bitcoin and other cryptocurrencies to be held as strategic reserves is considered a factor in the price increase.

JPMorgan Chase, the largest bank in the U.S., has decided to allow customers to purchase Bitcoin.

Funds flowing into Bitcoin Exchange Traded Fund (ETF) are also increasing. A total of $667.4 million (915.1 billion won) flowed into Bitcoin spot ETFs on the 19th. This is the highest on the 1st since the 2nd.

At the same time, Ethereum, the second-largest market capitalization, traded up 3.81% to $2577, and XRP (Ripple) traded up 2.71% to $2.40. Solana and Dogecoin rose 3.78% and 6.28% to trade at $173 and $0.23, respectively, while President Donald Trump's meme coin (Official Trump) jumped 11.55% to $14.63.