Bitcoin Recovers $100,000 in 18 Days as AI Themes Heat Up

Bitcoin price rose sharply again on the 7th (local time) as the U.S. stock market rallied thanks to AI and news of large-scale Bitcoin purchases by listed companies.

Bitcoin price rose 3.83% in 24 hours to $101,850 as of 10 a.m. on the 7th.

Bitcoin price, which had been trading sideways in the $98,000 range since the 3rd, rose sharply again as the U.S. stock market opened the day before and quickly exceeded the $100,000 mark.

News that a joint session of the House and Senate was held on the 6th to confirm Donald Trump's election as U.S. president (local time) also contributed to Bitcoin's rise.

Listed company MicroStrategy (MSTR), which owns the largest number of Bitcoin among listed companies, reportedly purchased an additional 1,070 Bitcoin in the new year.

MicroStrategy purchased Bitcoin by investing $101 million at $94,004 each.

The company currently owns a total of 447,470 Bitcoin and has an average purchase price of $62,503.

Artificial intelligence coins also rose in anticipation of CES.

WorldCoin (WLD) rose 8.68%, RENDER (RENDER) rose 7.66%, and AKT (AKT) rose 11.65%.

These coins also rose significantly in the first half of last year when the AI theme attracted attention.

CES is drawing attention as a major theme as Nvidia CEO Jensen Huang takes the stage for the keynote speech at the world's largest electronics and IT exhibition "CES 2025."

This is the first time CEO Jensen Huang has given a keynote speech at CES in six years since 2019.

Action Square CEO Jang Hyun-guk announced on the 7th that he will issue an Ethereum-based 'CROSS' coin starting with x (Twitter).

CEO Jang, who is called the father of WeMix, resigned from WeMade last year and became the second largest shareholder by purchasing a 10% stake when he took office as co-CEO of Action Square.

CEO Jang plans to actively use x as a communication channel in the future to deliver news such as company, foundation, and project on blockchain.