As news spread that the media company run by Donald Trump's family is raising 3 billion dollars (approximately 4.11 trillion won) to purchase virtual assets, Bitcoin (BTC) temporarily exceeded 110,000 dollars in the early morning. Along with this, global institutional investors like Strategy continue to accumulate, raising expectations for BTC to break through 110,000 dollars again.
According to the global virtual asset market site CoinMarketCap on the 27th, BTC was traded at 109,217.69 dollars at 8 AM, a 0.02% increase from the previous day. At the same time, the altcoin leader Ethereum (ETH) recorded 2,559.72 dollars, up 0.3%. XRP dropped 1.43% and was traded at 2.305 dollars per unit. Solana (SOL) recorded 174.18 dollars, down 0.22%.
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At the domestic exchange Bithumb, BTC recorded 151,995,000 won, a 0.5% decrease from the previous day. ETH dropped 0.34% to 3,559,000 won, and XRP was trading at 3,207 won, down 1.93%.
The virtual asset market showed a momentary rise as the Trump family's 3 billion dollar virtual asset purchase plan became known in the early morning. The Financial Times (FT) reported, citing six sources, that the Trump Media & Technology (TMTG) group plans to raise 3 billion dollars to purchase virtual assets like BTC. According to the FT, TMTG plans to raise 2 billion dollars through new stock issuance and the remaining 1 billion dollars through convertible bond issuance. The FT added that this plan might be announced at the 'Bitcoin Conference 2025' in Las Vegas, USA this week.
Global institutional investors' buying is also raising expectations for BTC to break through 110,000 dollars again. The representative BTC investment company Strategy recently added 4,020 BTC worth 427.1 million dollars (approximately 585.1 billion won), expanding its total holdings to 580,250. The French blockchain company The Blockchain Group also announced plans to issue convertible bonds worth 63.3 million euros (approximately 9.88 billion won) to purchase additional BTC. According to CoinShares, approximately 3 billion dollars (about 4.11 trillion won) have been net inflows into BTC-related investment products in the past 6 weeks, showing strong buying momentum.
The Crypto Fear and Greed Index from the virtual asset data analysis company Alternative.me dropped 1 point from the previous day to 73 points, indicating a state of 'greed'. This index means that the closer it is to 0, the more investment sentiment is suppressed, and the closer it is to 100, the more market overheating is indicated.
- Reporter Kim Jung-woo
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