The global cryptocurrency market continues to show a weak trend. At the center of this is the price decline of Bitcoin (BTC), which has been trading at 143.9 million won, down 2.34% in the last 24 hours. Global geopolitical tensions and macroeconomic uncertainties are analyzed to be driving risk-averse sentiment, affecting the market overall.
Institutional investors' movements remain active. BlackRock continues to show interest by recently adding 2,454 BTC to its holdings. Experts predict that these movements could support long-term upside potential. In particular, the GENIUS stablecoin bill passed by the US Senate is being positively evaluated for providing regulatory clarity.
Ethereum (ETH) is showing a similar trend to Bitcoin. Currently, ETH is trading at 3.46 million won, down 2.48%. ETH is also sensitive to overall market sentiment and regulatory situations.
In contrast, XRP has fallen 3.93% to 2,972 won, but technical analysis suggests the possibility of breaking through major resistance levels. Market experts believe XRP has reached a critical inflection point in the short term. Regulatory progress, such as stablecoin-related bills, could act as a positive signal for XRP.
Solana (SOL) is recording an unusual upward trend amid market weakness. The current SOL price is 203,000 won, with its technical excellence and ecosystem expandability analyzed as the background for its rise. Within the market, SOL is showing an independent trend, attracting investors' attention.
Overall, the market is accepting positive factors such as institutional regulatory progress even during a short-term adjustment phase. Experts predict that institutional fund inflows and regulatory improvements will support the long-term rise of the cryptocurrency market, especially Bitcoin.
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