Bitcoin touches key $50,000 level for first time in two years thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.
Retail investors in Korea appear to be optimistic about achieving higher profits after a landmark decision by the U.S. securities regulator on bitcoin exchange traded funds (ETFs), Wednesday (local time), which resulted in lowering the barrier between the traditional finance and digital asset industries.
The price of Bitcoin experienced a tumultuous ride on Wednesday, fueled by misinformation surrounding the approval of the cryptocurrency s spot exchange-traded fund (ETF) by U.S. authorities. This uncertainty had a cascading effect on most of Korea s assets associated with the virtual currency, causing a dip in their values with notable downward intraday movements.