Bitcoin defends support line... Ethereum strengthens

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US Regulatory Easing and Continued ETF Net Inflow
BTC Recovers to 160 Million Won Intraday, Then Declines
Altcoins Mixed, Excluding ETH

[Coin Market] Bitcoin Defending Support Line... Ethereum Showing Strength
Bitcoin (BTC) declined 0.40% to 163.65 million won on the 13th.

Despite regulatory easing legislation from the Trump administration and Congress, expanded ETF investments by institutional investors, and large-scale purchasing movements by public companies, it showed a slight downward trend. It recovered to 164.64 million won intraday but closed with selling pressure dominating.

Among major altcoins, Ethereum (ETH) surged approximately 7.46% due to institutional accumulation and expanding smart contract demand. Altcoins showed mixed performance. Solana (SOL) also rose 2.55% showing strength, while some major altcoins declined, including XRP, which dropped 1.08%.

◇Bitcoin = The Bitcoin price on Upbit at 4 PM on the 13th was 163.647 million won. Bitcoin's dominance was 57.45%.

According to on-chain analysis platform Sigbit, the long and short ratios in the Bitcoin futures market were 51.82% and 48.18% respectively.

Robert Kiyosaki, author of the bestseller 'Rich Dad Poor Dad', again raised the possibility of a Bitcoin surge along with a warning of a massive stock market crash.

Kiyosaki emphasized on his X account that the Baby Boomer generation holding 401(k) and other retirement accounts would be most impacted, while investors in gold, silver, and Bitcoin would benefit.

◇Rising Coins = Pocket Network (POKT) rose approximately 7.73%, showing the largest increase on Upbit at 4 PM that day.

Pocket Network is a decentralized API protocol connecting blockchain applications and nodes, supporting developers in stably accessing data in a decentralized environment.

◇Fear and Greed Index = The cryptocurrency Fear and Greed Index provided by Alternative was 73 points, entering the 'greed' stage. The greed stage is a period with increased price volatility and trading volume, indicating potential price increases. There is a high possibility of short-term peak formation, so caution is advised when selling.

The Relative Strength Index (RSI) provided by Sigbit was 53.6, recording a 'neutral' state. RSI is an indicator measuring the relative strength between price increase and decrease pressures to determine overbought or oversold conditions.

Reporter Ha-yeon Jeong yomwork8824@blockstreet.co.kr

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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