Bitcoin is trading at around 144.12 million won and has risen 0.46% in the past 24 hours. In this upward trend, institutional investors' Bitcoin purchases are gaining momentum and attracting market attention.
In particular, the investment company AguilaTrades has increased its Bitcoin holdings by 30% and established a new position of approximately 262 billion won. Such large-scale accumulation is expected to create a positive atmosphere across the cryptocurrency market. Generally, when institutional investors make massive purchases, market trading volume and volatility tend to increase, potentially leading to upward momentum.
This accumulation trend is drawing more attention in conjunction with the changes in mining profitability and supply dynamics after Bitcoin's halving. Platforms like ZA Miner are providing cloud mining services to leverage the rising market phase, offering new alternatives for users seeking profit opportunities.
Ethereum is trading at around 3.46 million won, rising 0.22% in the past 24 hours. The network upgrade and scalability enhancement are drawing industry attention for potential adoption expansion targeting 2025.
XRP is trading at around 2,965 won, rising 0.33%. While maintaining stability since the June 5th low, no clear breakthrough is yet visible.
Solana is moving in the 200,000 won range, showing relatively quiet movement without a clear upward or downward trend. Amid overall market weakness, some cryptocurrencies are maintaining stable movements.
Market experts noted that "institutional investors' entry shows an increasing trust in Bitcoin's value proposition" and that "large-scale purchases, especially after halving when supply has decreased, are likely to create future price appreciation pressure".
Overall, while the market is mostly showing weakness, Bitcoin's large-scale institutional purchases and major platforms' efforts in network development are raising expectations for a potential rebound.
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