Bitcoin remains stable in the capital restructuring of miners.
The trading price of Bitcoin (BTC) is 130.84 million KRW, down 0.66% in the last 24 hours. Despite the recent phenomenon of miner capital restructuring, Bitcoin remains stable in the 130 million KRW range, maintaining market confidence. Experts interpret the miner capital restructuring as a signal of market bottoming and hold an optimistic view. BlackRock's spot ETF - IBIT has attracted over $250 billion in funds, holding more than 770,000 Bitcoins. Metaplanet's plan to expand its Bitcoin holdings has also had a positive impact on market sentiment.
The Ethereum network is active but has slightly declined.
The trading price of Ethereum (ETH) is 4.43 million KRW, down 1.01%. Recently, with whale investors continuously buying, the number of active addresses has increased by 22%, and the monthly trading volume has grown by 16%, significantly boosting network activity. The approval of the Uniswap fee conversion proposal and the planned expansion upgrade will serve as positive factors to strengthen the Ethereum ecosystem.
Ripple coin has fallen in line with mainstream cryptocurrencies.
The trading price of Ripple (XRP) is 2,809 Korean Won, down 1.43%. As Bitcoin and Ethereum show a downward trend, Ripple follows the same trend. After the legal dispute with the SEC, its independent momentum has weakened. Although its technical strength remains, investor attention has diminished.
Solana performs strongly in a weak market.
Solana (SOL) is trading in the range of 186,000 Korean Won. Despite the overall weakness in DeFi and Layer 1 blockchains, it still shows strength. With its technical advantages such as fast processing speed, low fees, and an active developer community, its performance surpasses the market average.
Market Outlook: Focus on Economic Indicators and Options Expiry
The cryptocurrency market is expected to react sensitively to macroeconomic factors such as the release of U.S. GDP and Federal Reserve interest rate policies. Short-term events like options expirations may also have a significant impact on market prices, requiring close attention. The inflow of institutional funds such as BlackRock's ETF is seen as a long-term stabilizing factor.
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