The cryptocurrency leader Bitcoin is soaring. This is because the US interest rate cut is in sight and independent candidate Robert Kennedy Jr. is supporting former President Donald Trump in the US presidential election.

At 12:30 p.m. on the 23rd (Pacific Time), the price of one Bitcoin was trading at $63,650 (KRW 84.55 million), up 5.82% from 24 hours ago. It has been 21 days since Bitcoin rose to the $63,000 level on the 2nd.

Bitcoin, which was fluctuating in the low $60,000 range that day, rose above the $610,000 mark after Federal Reserve Chairman Jerome Powell's Jackson Hole speech. This is because Chairman Powell strongly hinted at a September interest rate cut, saying, “The time has come to adjust monetary policy.”

Then, as news spread that independent presidential candidate Kennedy Jr. had suspended his campaign and decided to support former President Trump, the Republican presidential candidate, it surpassed the $63,000 mark. This is because expectations are rising that former President Trump, who has shown a 'pro-cryptocurrency' stance with the support of candidate Kennedy Jr., will win the US presidential election.

At the same time, most virtual currency prices are rising, including Ethereum, which is ranked second in market cap, up 5.55% to $2,740, and Solana, which jumped 4.98% to $149.

Reporter Lee Song-ryeol, Hankyung.com [email protected]