Bitcoin price growth in the domestic virtual asset (coin) market is only 40% compared to the U.S.

As the won continues to be strong compared to the beginning of the year, Bitcoin price growth in the domestic virtual asset (coin) market is only 40%

The won's exchange rate has risen sharply this year. Due to the impact of U.S. President Donald Trump's trade tariff policy, the won weakened earlier this year. However, expectations for tariff negotiations between the U.S. and China have increased, and news that South Korea and the U.S. discussed the "exchange rate" on the trade negotiation table has recently shown a rebound.

According to Trading View on the 19th, Bitcoin's growth rate 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 is because the won per dollar rose from 1471.5 won at the beginning of the year to 1398.5 won as of that day. Expectations for U.S.-China tariff negotiations have grown, and the strong Taiwanese dollar in early May also affected the won's price.

In particular, the won's price per dollar soared on the news that officials from South Korea and the U.S. had face-to-face discussions on the foreign exchange market on the 14th. This is because there was speculation that there may have been pressure to appreciate the won.

Not only the won, but also other currencies have fluctuated due to the influence of the U.S. administration's back-and-forth tariff policy, resulting in a significant difference in bitcoin yields.

In Japan, the rise in bitcoin this year was only 0.68 percent, one-fifth of that of Korea, as the yen rose more significantly than the won. The yen's strength is due to the fact that the yen, a quasi-basis currency, has attracted more attention at a time when the U.S. dollar's status, which was the most representative safe asset, has been cracked due to growing concerns over a global trade war.

In Brazil, where the real has soared this year, the return on bitcoin was negative. 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 high immunity to tariff risks.

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

The lira has continued to plunge since news broke in March that Istanbul Mayor and President Recep Tayyip Erdogan's main political rival, Ekrem Imamorlu, had been arrested.

Meanwhile, as bitcoin yields fluctuate depending on the value of their own currency, Korean investors are also likely to have suffered currency losses compared to American investors.

In particular, there is a possibility that domestic investors' foreign exchange losses have grown as Bitcoin has continued to rise for six consecutive weeks for the first time since October 2023. At one point, Bitcoin crossed the $107,000 mark and was on the verge of an all-time high.

According to TradingView, Bitcoin has been on the rise for six consecutive weeks based on weekly returns from the 7th of last month to the 18th of last month.

This is the biggest record achieved since it rose for eight consecutive weeks from Oct. 16, 2023.

Bitcoin also rose sharply in the morning, approaching its all-time high. However, it turned bearish in the afternoon.

According to CoinMarketCap, Bitcoin was trading at $102,954.45 as of 2 p.m., down 0.45% from 24 hours ago.

Although it fell in the afternoon, Bitcoin was trading at $107,068.72 earlier in the day. It is the first time since January 24 that Bitcoin has exceeded $107,000.

Bitcoin has an all-time high of $109,114.88 on January 20. As of the high point of the day, there is only a 1.91% gap between the record high and the record high.

Bitcoin, which had plummeted due to President Trump's tariff policy, has recently been recovering rapidly.

In particular, Bitcoin rebounded on this day due to Moody's downgrade of the U.S. credit rating. On the 16th (local time), Moody's downgraded the U.S. sovereign credit rating from the highest rating of "Aaa" to "Aa1".

As a result, Bitcoin rose as it attracted attention as a "digital gold" amid concerns about rising interest rates on U.S. government bonds and a weak dollar.

"Gold dominated Bitcoin's returns from mid-February to mid-April, but in the