Bitcoin and Ethereum continue to decline, Ripple regulatory favorable, SOL institutional inflow draws attention

The cryptocurrency market is sensitive to global macroeconomic factors and US regulatory variables, exhibiting volatile movements. Bitcoin has recently declined by about 4-5% in the past 12 hours, with a trading price of approximately 13.3 billion Korean won. Attempts to break through the key resistance level of $95 million have repeatedly failed.

Market experts point out that low liquidity, reduced inflows of stablecoins, and the selling of covered call options are main selling pressure factors. However, Bitcoin has held above the crucial support level of $80 million, and the decrease in whale deposits suggests it is in an accumulation phase.

Ethereum has fallen about 9% in the last 12 hours, trading around 4.6 million Korean won. ETF capital outflows and risk aversion have impacted its price, with the $3,000 level viewed as a core support. Despite this, institutional interest remains strong; for example, BlackRock’s Ethereum ETF recently recorded a net inflow of $138.7 million.

Ripple has received conditional approval from the US Office of the Comptroller of the Currency to operate as a cryptocurrency bank. This allows XRP-related companies to expand within the formal banking system but has also raised concerns about systemic risks. The current XRP trading price is 2,985 Korean won, up slightly in 24 hours.

Within the Solana ecosystem, Hex Trust has launched a wrapped version of XRP to expand its use in DeFi. The price of Solana itself is about 196,000 Korean won, down roughly 55% from its peak, but over $674 million has flowed into Solana ETFs in the past week, indicating high institutional interest.

Decisions on interest rates by central banks worldwide, led by the US, along with inflation and employment data releases, have increased overall uncertainty in the cryptocurrency market. Notably, the US Securities and Exchange Commission’s approval of tokenization for assets like stocks and bonds has provided a positive narrative for the tokenization of major tokens such as Bitcoin and Ethereum.

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