Bitcoin (BTC) dropped 2.27% in 24 hours, with a trading price of 139.43 million KRW. Despite capital inflows into the US spot ETF, the short-term trend still shows signs of correction.
Market experts recently diagnosed Bitcoin falling below $97,000 as a correction phase, and analysis suggests that the continued inflow into spot ETFs and the actions of major financial institutions like Morgan Stanley remain positive signals.
Notably, approximately $18 billion in funds have flowed into Bitcoin via spot ETFs since January, and Morgan Stanley's ETF applications indicate growing institutional interest. KBC Group's introduction of Bitcoin trading services and Kathy Wood's comments have also contributed positively to the market rally.
From a technical perspective, Bitcoin is likely to consolidate between the support levels of $90,000 to $92,000 and resistance levels of $97,000 to $101,000.
Ethereum (ETH) declined 1.95% in 24 hours, with a trading price of 4.81 million KRW. KBC Group also offers Ethereum trading services, while CME Group is preparing to launch futures products related to assets like Chainlink.
Ripple (XRP) fell 2.75% to 2,996 KRW. Chart analysis suggests the possibility of reaching $2.80, but it is currently in an adjustment phase.
Solana (SOL) is trading at 207,609 KRW, showing a downward trend. News of Morgan Stanley submitting a Solana ETF application has attracted attention. Avichi is strengthening the connection between fiat currency and cryptocurrencies through Solana-based account services.
The US is advancing discussions on legislation related to the structure of the cryptocurrency market, but progress has been delayed due to disputes over AML and DeFi regulations. Pro-cryptocurrency sentiments from Donald Trump and efforts to expand campaign funds through cryptocurrencies are expected to be major variables in future regulatory changes.
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