Bitcoin Weakness, Solana Surge: BTC, ETH, XRP, SOL Market Trend Analysis

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BTC, Investment Sentiment Shrinks Amid Short-Term Adjustment

BTC is currently trading around 163.75 million won and has declined by approximately 0.7% in the past 24 hours. With profit-taking sales emerging from recent highs, it appears to have entered a short-term adjustment phase. Experts analyze that while the BTC chart shows short-term weakness, long-term upward factors such as halving and potential ETF approval remain valid.

Ethereum, Continued Institutional Fund Inflow

ETH is trading at 6.22 million won, down 2.6%, but has broken through resistance levels with steady buying pressure. With Bitmain reportedly purchasing approximately 18 billion won worth of Ethereum, investor interest is growing. Despite network congestion, long-term growth potential is viewed positively.

XRP, Relatively Stable Movement

XRP is trading at 4,295 won, declining by about 0.06%, continuing to move sideways with little volatility. The market is awaiting additional news, with expectations of maintaining stability at current price levels.

Solana, Strongest Among Altcoins

SOL has recorded 260,000 won, showing a sharp increase in the past 24 hours. This rise is attributed to network performance improvements and ecosystem activation, increasing market share in DeFi and Non-Fungible Token projects. Experts analyze that processing speed and low fees are Solana's competitive advantages.

Mixed Market Overall, Long-Term Outlook Positive

The current cryptocurrency market shows mixed trends, with high volatility depending on BTC and ETH directions. Regulatory changes and institutional fund flows significantly impact market sentiment, with long-term prospects looking positive due to expanded institutional participation and institutional development. Experts recommend approaching long-term investments based on technological capabilities.

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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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