Bitcoin rallies as South Korean president vows crypto push

Moves in Korea have given bitcoin a huge boost. Reuters/Dado Ruvic/Illustration

Bitcoin shot up above $40,000 today, rallying on the news that the incoming South Korean president is bullish on crypto.

The cryptocurrency market capitalisation shot up 2% today on the back of several positive factors, such as the EU abandoning critical legislation that would have led to an effective ban on bitcoin mining in the bloc.

Bitcoin (BTC-USD) has rallied up 3.6% today, breaking through the $40,000 mark in…


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