Bitcoin's $80K Surge Sends Domestic Crypto Stocks Soaring

Domestic cryptocurrency-related stocks surged on the 21st due to Bitcoin's recent rise. The price of Bitcoin recovered to the $80,000 level. Woori Technology Investment, a company involved in cryptocurrency-related activities, saw its stock price increase by 7.55% to 5,840 won.

This uptick is believed to be influenced by the surge in related stocks on the New York Stock Exchange, where Strategy, the world's largest bitcoin holding company, jumped 16.39%, and Coinbase Global and Robinhood rose by 11.66% and 9.12%, respectively.

The market had made some adjustments last week after the U.S. Senate's handling of the Digital Asset Market Clarity Act failed, but buying has flowed back into the market due to the perception that the bad news has been digested.