The cryptocurrency market shows a mixed situation, with major currencies exhibiting divergent trends. Bitcoin (BTC) and Ethereum (ETH) have slightly declined, XRP is showing weak consolidation, while Solana (SOL) has also shown slight weakness.
Based on a 24-hour period, Bitcoin is trading at 129,850,000 Korean won, down 0.19% from the previous day. It has fluctuated repeatedly within a relatively narrow price range, showing positive trends in trading volume.
Ethereum is situated at 4,380,000 Korean won, down 0.10% from the previous day. Due to increased applications in DeFi and global payments, it is expected to transition from a purely investment asset to financial infrastructure.
XRP traded at 2809 KRW, down 0.87%. There have been no significant regulatory or ecosystem news, and its movement is interpreted as being linked to the overall market trends.
Solana traded at 184,000 KRW level, performing the weakest among major currencies. Analysts believe that this is not due to any particular negative news, but rather a result of the overall market adjustment trend.
In institutional investment, Binance has captured signs of market sentiment recovery in BTC trading, while Citigroup's outlook on cryptocurrency-related stocks and the changes in the pro-cryptocurrency forces within the U.S. policy sphere are under scrutiny.
The main variables for the future market include the scheduled token unlocks totaling $8.3 billion for Sui, dYdX, Aptos, etc., set for December 2025. This could become a selling pressure factor in the short term, but considering factors like liquidity, institutional participation, and staking structures, there is also a possibility of some alleviation.
The recent on-chain transaction trends for Bitcoin show significant improvement, while Ethereum is expected to see stable demand as its application scope within the financial system expands. XRP and Solana continue to exhibit volatility linked to the overall market trends.
The current total market size of cryptocurrencies is approximately $3 trillion, up 0.58% in the past 24 hours. This indicates that despite the mixed trends among various currencies, a certain level of risk appetite is still maintained.
TokenPost AI Notes
This article uses a language model based on TokenPost.ai for article summarization. The main content may be omitted or may differ from the facts.
