In the midst of high volatility in the cryptocurrency market, Bitcoin (BTC) is experiencing a short-term adjustment, declining 1.98% over 24 hours and trading at 143,267,031 won. Nevertheless, institutional investor inflows continue, with the number of wallets holding 1 BTC or more increasing by 15%.
Recent Bitcoin ETF inflows have increased by 25% over a week, reaching a total of $500 million, and the Grayscale Bitcoin Trust (GBTC) has seen $120 million in new funds. Technical analysis indicates that Bitcoin is forming a support line at $66,000 and a resistance line at $70,000.
Ethereum (ETH) declined by 4.13% during the same period but showed strength by rising 45% over the past month. In particular, the number of active addresses increased by 15% in a single day, surpassing 550,000, and the 24-hour trading volume exceeded $15 billion, solidifying its market presence.
XRP dropped by 3.43% and is trading at 2,926 won, showing a similar trend to Bitcoin without any significant market factors. In contrast, Solana (SOL) is trading at 212,450 won, displaying high volatility. While Solana shows an increase in dApp usage and developer activity, its price movements remain difficult to predict in the short term.
Global macroeconomic uncertainty and trade tensions between the US and China are directly impacting cryptocurrency prices. Additionally, the US legislative efforts to establish clear cryptocurrency regulations are creating positive expectations, which may benefit major cryptocurrencies in the medium to long term.
Experts believe that technological advancement, expanded institutional investment, and regulatory clarity are the key drivers of the next bullish market. From a long-term perspective, the current adjustment is likely a temporary decline within a healthy upward trend.
Investors need to strengthen risk management in the rapidly changing market environment and comprehensively analyze price volatility and market signals. Bitcoin and Ethereum remain at the center of investor interest, while XRP and Solana are expected to react sensitively to regulations and investment sentiment.
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