Bitcoin Strengthens to $119,000 Amid US Regulatory Inclusion Movements [Crypto Briefing]

[Financial News] Bitcoin is showing strength at $119,000 on the 11th. This is interpreted as an effect of Donald Trump, the President of the United States, signing an executive order that allows virtual assets to be included in 401(k) retirement accounts, indicating movements towards regulatory inclusion.
According to the global virtual asset information platform CoinMarketCap, Bitcoin is trading at $119,000 as of 10 a.m. on the same day, up 2.09% compared to the previous day (24-hour basis). Bitcoin fell to $112,000 on the 6th but has been on the rise since the 7th, nearing the $120,000 mark.
Bitcoin is trading at approximately 160 million won in the won market. According to CryPrice, a global virtual asset market comparison platform, the Korean premium is -1.26%.
Previously, on the 7th (local time), President Donald Trump signed an executive order allowing investments in alternative assets such as virtual assets, private equity, and real estate in 401(k) accounts. As a result, the U.S. Department of Labor (DOL) is expected to establish related policies, and relevant agencies such as the Securities and Exchange Commission (SEC) are expected to push for the revision of related regulations.
Around the same time, it was reported that Harvard University in the United States had entered into Bitcoin investment, which also influenced the rise. U.S. virtual asset specialized media such as CoinTelegraph recently reported, citing SEC filings, that Harvard University held about $120 million (about 160 billion won) worth of BlackRock Bitcoin Exchange-Traded Fund (ETF) as of the end of June.
At the same time, altcoins such as Ethereum and XRP (Ripple), excluding Bitcoin, showed strength but are temporarily undergoing adjustments. Ethereum rose to $4,300 on the 10th but is trading at $4,266, down 1.07% from the previous day. XRP (Ripple) is trading at $3.19, down 1.18% from the previous day.
yimsh0214@fnnews.com Sanghyuk Lim Reporter