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Crypto-Related Stocks Rally as Bitcoin Surpasses $80,000
Finance · Investment Banks/Brokers · yonhap_finance · 2026-09-04
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South Korean crypto-linked stocks surged as Bitcoin broke through the $80,000 mark, fueled by growing optimism over potential Fed interest rate pauses.
What Happened
Market Movement: South Korean stocks linked to cryptocurrency saw significant gains as Bitcoin surpassed the $80,000 threshold. Notable performers included Woori Technology Investment, Galaxia MoneyTree, and Hanwha Investment & Securities, all of which closed with strong gains.
Catalyst: The rally was largely driven by comments from Federal Reserve Governor Christopher Waller, who signaled a willingness to support a pause in interest rate hikes. This dovish sentiment helped restore investor confidence in risk assets, including digital currencies.
Stock Performance: Woori Technology Investment led the sector with an 8.93% increase, closing at 6,220 KRW. Other major players like Galaxia MoneyTree and Hanwha Investment & Securities also posted substantial gains, reflecting heightened market interest in the crypto ecosystem.
Outlook: With Bitcoin trading above $80,700, the market remains optimistic about the sector's momentum. Investors are closely monitoring Fed policy shifts, as any further signs of a pause in rate hikes are expected to continue supporting crypto-related equities.
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