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Cryptocurrency News Articles

Bitcoin exceeded 150 million won in 100 days.

May 19, 2025 at 02:28 pm

Bitcoin exceeded 150 million won in 100 days. It's been 100 days since February.

Bitcoin exceeded 150 million won in 100 days.

Bitcoin price edged down on Monday, continuing a modest pullback from a recent 100-day high, hit as the world’s largest cryptocurrency scaled above $103,000.

Bitcoin was last down 0.48% at $102,830 by 1:55 p.m. ET, trading in a tight band at the $102,000-$103,000 level. It pulled back further from a high of 150 million won (about $120,000) hit on Thursday, marking the token’s strongest level since February 1.

Bitcoin price on Binance.

The world’s largest cryptocurrency pulled back about 1% after opening trading in Asia, extending a modest downturn from the previous day. It slid as much as 3.37% to lows of $103,738 before notching a high of $104,000.

Its volatility also varied drastically across different exchanges. On Korea’s largest exchange Upbit, bitcoin slid to 149.3 million won by 1:45 p.m. local time, down about 5% from the previous day’s close. But on U.S.-based Coinbase (NASDAQ:COIN), bitcoin price was up about 1.3%.

Still, altcoins saw a more significant drop, with ether sliding about 6%.

Here’s a quick rundown of some of the notable trends in cryptocurrency markets on Monday:

* Bitcoin price breached 150 million won on Thursday for the first time in 100 days. It was last seen changing hands at 149.3 million won on Upbit.

* But the uptrend was cut short, with bitcoin sliding about 3.37% to immediately fall below the previous day’s initial price.

* Recently, as currency value volatility increased, the difference in bitcoin’s growth rate by country was also highlighted to be large.

* According to Trading View, bitcoin’s rise this year in the Korean coin market was 3.68% as of 2 p.m., compared to 9.17% in the U.S. market.

* This was because the won-based bitcoin’s growth rate was lagging behind the dollar-based bitcoin’s growth rate as the won’s value decreased compared to the beginning of the year.

* In Japan, the yen’s rise was only half of that of South Korea this year, or 0.68 percent, as the value of the yen increased more significantly than that of the won.

* On the other hand, in Turkey, which is experiencing a lira crash due to political instability, the price of bitcoin has soared 20.11% this year alone.

* But in the case of Brazil, where the real currency surged, the return on bitcoin was in the red.

The real plunged about 21% last year due to concerns over Brazil’s fiscal deficit. This year, Brazil’s high real interest rates and low trade share with the United States led to the strong real currency’s strong immunity to tariff risks.

Earlier this week, Chairman Michael Saylor of Strategy, the world’s largest bitcoin holding company, hinted at an additional purchase of bitcoin.

Chairman Saylor posted a post on his X (formerly Twitter) account, saying, "Don’t short-circuit the entire orange ink to anyone who buys it."

The orange dot on Sailor Tracker is the time of bitcoin purchase by the past strategy.

SailorTracker is a platform that tracks Strategy's bitcoin buying trend.

Previously, whenever Chairman Saylor announced his actual purchase of bitcoin after posting X posts like this.

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