Bitcoin has surpassed $100,000 while Asian shares are mostly higher, taking their cues from another Wall Street record rally
Bitcoin surpassed $100,000 for the first time, while Asian shares were mostly higher Thursday, taking their cues from another Wall Street record rally.
U.S. futures edged lower while oil prices crept up.
Bitcoin has been nudging toward $100,000 and it surged late Wednesday, U.S. time, after President-elect Donald Trump chose crypto advocate Paul Atkins as his nominee to head the Securities and Exchange Commission. The cryptocurrency has climbed dramatically from $69,374 on Nov. 5, Election Day. As of 11 p.m. ET, it was up 4.7% at $103,308.27.
South Korea’s Kospi fell 0.4% to 2,452.34, extending a 1.4% decline the day before as President Yoon Suk Yeol was facing possible impeachment after he suddenly declared martial law on Tuesday night. He revoked the martial law declaration six hours later.
Yoon accepted his defense minister’s resignation Thursday as opposition parties moved to impeach both of them. The main opposition Democratic Party and other small opposition parties submitted a joint motion to impeach President Yoon Suk Yeol on Wednesday over his martial law declaration.
Elsewhere in Asia, Japan’s benchmark Nikkei 225 added 0.4% to 39,435.89, while Australia’s S & P/ASX 200 gained 0.2% to 8,480.80. Hong Kong’s Hang Seng slipped 1.1% to 19,516.98. The Shanghai Composite gained 0.2% to 3,370.
