As the cryptocurrency market shows an overall upward trend, Bitcoin is leading the surge. Ripple is drawing investor attention as its long-standing legal dispute with the SEC approaches a resolution stage.
Bitcoin Breaks Through 143 Million Won
Bitcoin (BTC) rose 0.97% in 24 hours, breaking through the 143 million won level. As the overall market sentiment improves, investor confidence is also recovering. Investor trust is driving the upward momentum without any notable technical issues or regulatory announcements.
Market experts analyze that the current upward trend may continue in the short term, and Bitcoin's dominance could positively impact market prices.
Ethereum Maintains Slight Fluctuations
Ethereum (ETH) declined 0.88% in 24 hours, trading at 3.46 million won. It did not follow Bitcoin's upward trend. While there were no related positive news or special updates, it continues to maintain its core position as a smart contract platform, sustaining long-term interest.
Although price movement is somewhat limited, ongoing Ethereum 2.0 development and ecosystem expansion plans are seen as medium to long-term growth factors.
Ripple Reflects Expectations of SEC Lawsuit Conclusion
Ripple (XRP) rose 0.65%, recording 2,955 won. Expectations of concluding the legal battle with the SEC positively influenced investor sentiment. Both parties have jointly requested Judge Torres to lift the injunction and release funds, entering procedures to finalize the lawsuit.
Additionally, analyses suggesting Ripple could replace up to 14% of SWIFT international transfers are raising market expectations. Forecasts indicate potential further increases if legal uncertainties are resolved.
Solana Shows Highest Altcoin Increase
Solana (SOL) showed the largest increase in 24 hours, rising to 198,000 won. Despite no major positive news, it demonstrated prominent movement during the overall market rebound. High processing speed and an active developer ecosystem are working positively.
Investors are increasingly expecting Solana's technological capabilities and growth potential, considering it a key tracking asset alongside BTC.
The overall market trend continues to rise, with altcoins showing gradual recovery under Bitcoin's leadership. Experts believe global regulatory relaxation and institutional fund inflows will have a positive medium to long-term impact on the cryptocurrency market.
Real-time news...Go to Token Post Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
