Bitcoin (BTC) has hit a new record on local cryptocurrency exchange Upbit, surpassing 150 million won. As of now, BTC is trading at 150,000,000 won on the Upbit Korean won market. This is the highest price BTC has ever reached on the exchange. The previous record was set in December 2017, when BTC reached 140 million won. The surge in BTC's price is likely due to a number of factors, including the recent halving event and the increasing institutional adoption of cryptocurrency. The halving event, which occurs every four years, reduces the number of BTC that are mined by 50%. This reduces the supply of BTC, which can lead to an increase in price. Institutional adoption of cryptocurrency is also increasing, as more and more companies and investors are beginning to see the value of digital assets. This increased demand for BTC is also contributing to the rise in price. It is important to note that the cryptocurrency market is volatile, and prices can fluctuate rapidly. Investors should always do their own research before investing in any cryptocurrency.

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