[NEW] Bitcoin reaches $90,000 for the first time in history; XRP and other cryptocurrencies also soar

Bitcoin (BTC) reached the milestone of $90,000 (approximately 13.93 million yen) on the 13th. At the time of writing, it was trading at $88,000 (approximately 13.62 million yen). This shows that capital inflows into cryptocurrencies continue due to the continued expectations for the next president, Donald Trump.

Major indices such as the Dow Jones Industrial Average on the 12th were weak. Some predict that the CPI (Consumer Price Index), which will be announced on the 13th, will remain flat, but it can be said that profit-taking took precedence in light of the daily stock price rise. In addition, crude oil prices and other prices are on a downward trend in response to Trump's energy-related policies.

On the other hand, with regard to cryptocurrencies, Trump has indicated his intention to start developing regulations, so FOMO (fear of being left behind) is driving a concentrated buying trend. There are also indications that capital is flowing in from existing financial assets such as gold, and depending on the results of major indices such as the CPI, this could lead to further increases.

While many cryptocurrencies, including Bitcoin, rose in price on the 12th, the price has since fallen and settled down, with some cryptocurrencies, such as XRP, showing notable increases. At the time of writing, XRP was trading at around 0.7 dollars (approximately 108 yen), and in Japanese yen terms, it has entered the 100 yen range for the first time since March of this year. While other cryptocurrencies have been rising in price, XRP has been relatively stable, but it appears that the rise has subsided and buying has circulated.

In addition, prices have been rising mainly for low-priced cryptocurrencies such as Stellar Lumens (XLM) and Tron (TRX), with Dogecoin (DOGE) still showing an increase of more than 10%.

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