The overall cryptocurrency market continues to rise, with Bitcoin (BTC) increasing by 1.6% compared to the previous day, trading at 135,310,000 Korean Won, returning to an upward trajectory. This is approximately 92,000 USD; if it breaks this support line, the market believes it has the potential to challenge the psychological resistance level of 100,000 USD.
Ethereum (ETH) also showed an upward trend, rising by 2.57% within 24 hours, with a trading price of 4,510,000 Korean Won. Notably, the rapid growth of Ethereum ETFs is attracting the attention of institutional investors.
Ripple (XRP) saw a slight increase, trading at 3,179 Korean Won. Recently, as some legal disputes with the U.S. Securities and Exchange Commission (SEC) have been resolved, investor sentiment is gradually recovering.
Solana (SOL) rose to 206,000 KRW, ranking among the top gainers in major cryptocurrencies. With its fast transaction speeds and scalability, Solana continues to expand in the DeFi and NFT sectors.
Institutional capital inflows into the market are also quite evident. BlackRock's Bitcoin ETF (IBIT) has surpassed $80 billion in assets under management, boosting market confidence in Bitcoin. Additionally, new listing index products (ETFs) based on XRP and SOL have been launched, positively impacting the altcoin market.
Cryptocurrency analyst Jin Taixun stated: "Institutional capital inflows and improvements in the regulatory environment are providing structural support for the cryptocurrency market. Not only Bitcoin, but major altcoins are also likely to continue their upward trend."
On the other hand, despite Microsoft lowering its AI business targets, the cryptocurrency market remains stable, and the overall risk appetite for assets is showing signs of recovery.
Market experts pointed out that in the short term, attention should be paid to whether Bitcoin can break through the $100,000 mark, and emphasized that a cautious investment strategy should be developed through precise analysis of its correlation with Ethereum, Ripple, and Solana.
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