CoinWorld news, on August 12 (UTC+8), BTC was quoted at 166,999,000 Korean Won on Bithumb, with Upbit, Coinone, and Korbit subsequently breaking their respective platform records. Analysts state that this round of price increase is driven by multiple favorable factors, including Trump's signing of an executive order allowing retirement funds to invest in crypto assets, the announcement of the new Federal Reserve chair candidate list, and news of Harvard University investing in Bitcoin ETFs. Currently, overseas prices are higher than in Korea, leading to a 'reverse premium' phenomenon, where the BTC price in Korean Won is lower than in the USD-denominated market. The weakening of the Korean Won has also pushed up local coin prices, resulting in BTC setting a historical high in Korean Won for the first time. (Source: Digital Asset)