Bitcoin Breaks New All-Time High! What’s Driving the 2024 Rally?
Welcome, crypto enthusiasts and new investors! Did you know that Bitcoin has just smashed its all-time high in USD after four months? Today, we’re diving into the key factors: the 2024 halving event, recent price action in Korean Won, and why the late-year rally could be just getting started.
📈 As of May 22, 2024, 4:20 PM (KST)
Bitcoin (Bithumb): KRW 15,437,000
Price gap between USD and KRW narrows to under 5%!
Bitcoin (Bithumb): KRW 15,437,000
Price gap between USD and KRW narrows to under 5%!
Why Does a New USD All-Time High Matter?
- May 2024: Bitcoin breaks its all-time USD record after four months.
- Korean Won (KRW) price lags slightly due to strong KRW and supply-demand differences.
- Global capital inflows and fresh investor interest are expected after this breakout.
2024 Halving: A Catalyst for the Rally?
- Halving in late April 2024: Mining rewards dropped by 50%.
- Historically, Bitcoin surges 6-9 months after each halving.
- Market optimism is building for another strong late-year rally.
USD vs. KRW Price Gap: What’s the Trend?
- May 22: USD-KRW price gap down to about 5%.
- KRW’s strength and global supply-demand affect local price momentum.
- Always compare local vs. global exchange rates before trading!
Late-Year Rally: Is Now the Time to Act?
- Short-term corrections, but the long-term trend remains bullish.
- Institutional buying (ETFs) is steady—consider DCA (Dollar-Cost Averaging) for risk control.
- Keep an eye on global events and policy changes that affect crypto!
Now’s the time to stay sharp!
With high volatility and major events ahead, keep up with the latest news, real-time prices, and post-halving market shifts. If you have questions, drop a comment or contact us—let’s succeed together!
Wishing you successful trading!
With high volatility and major events ahead, keep up with the latest news, real-time prices, and post-halving market shifts. If you have questions, drop a comment or contact us—let’s succeed together!
Wishing you successful trading!