Bitcoin recovers to $5,250 on renewed hope for crypto market

2019.04.09 14:48:07 | 2019.04.09 14:48:38

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Korean demand for crypto currency has gained grounds with the market bellwether Bitcoin (BTC) passing 6,000,000 won ($5,250) early this week, a leap from 4,000,000 won at the beginning of this year.

According to Bithumb, a Korean crypto exchange, BTC was traded at 6,055,000 won at 8:23 am on Tuesday, up 2.78 percent or 164,000 won from 24 hours ago. Market cap was worth 106.31 trillion won. The daily trade volume of BTC amounted to 18 billion won.

Other major cryptocurrencies showed mixed results as Bitcoin cash and Aida declined whereas Ethereum (+5.44 percent), Ripple (+0.49 percent), EOS (+2.26 percent), TRON (+5.97 percent) and Monero (+2.84 percent) remained higher.

At the same hour, BTX was traded at 1,062,000 won on another exchange Upbit, which is up 2.57 percent from a day ago.

Overseas, BTX continued its upward trend, gaining 1.2 percent as of the above-mentioned time to trade at $5,264.88, according to market tracker Coin Market Cap.

By Kim Kang-rae and Minu Kim

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