Bitcoin rose by 1.28% in 24 hours, breaking through 14.46 million won. Currently, Bitcoin is trading at 14,465,487 won, with a positive trend continuing in the cryptocurrency market.
Market experts analyze that this Bitcoin rise is due to institutional investors' capital inflow and Bitcoin being viewed as a safe asset amid global economic uncertainty.
In contrast, Ethereum (ETH) declined by 0.33% to 3,583,929 won, and XRP dropped by 4.03% to 3,362 won. Particularly, XRP's investment sentiment has been constrained due to the aftermath of legal disputes with the US SEC.
Meanwhile, Solana (SOL) showed a strong upward trend, trading at 240,121 won. The increased usage in DeFi and Non-Fungible Token sectors is believed to have driven investment demand for SOL.
Technical analysis indicates that Bitcoin has broken through major resistance levels, with indicators like Relative Strength Index (RSI) and moving averages showing bullish signals. Experts forecast the possibility of Bitcoin breaking through 15 million won in the short term.
Investment advice suggests focusing on major cryptocurrencies like BTC and ETH, while also implementing a diversification strategy with growth-potential altcoins like Solana. Continuous observation of global regulations and economic indicators, in addition to chart analysis, was also recommended.
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