Bitcoin rises on institutionalization expectations···Impact of US housing loan approval

US Government Partially Allows Cryptocurrency-Based Mortgage Loans Hong Kong Announces 'Digital Asset Declaration 2.0'... Clarifying Regulations BTC Recovers to 147.55 Million Won... Sei and XEM Slightly Rebound

The cryptocurrency market, including Bitcoin (BTC), rose on the 26th.

With the US government partially allowing cryptocurrency-based mortgage loans and Hong Kong authorities officially announcing the 'Digital Asset Declaration 2.0', expectations for institutional adoption were reflected.

On the 26th, Bitcoin traded at 147,551,000 won on Upbit, up 0.13% from the previous day. At the same time, dominance remained in the mid-65% range. Bitcoin's price has been rising since the evening of the 25th, breaking through 148 million won and currently fluctuating around this price level.

Ethereum (ETH) rose nearly 1%, recovering to the early 3.4 million won range, and some altcoins like Sei (SEI) and XEM, which had significant declines the previous day, also slightly rebounded.

◇Bitcoin = Bitcoin price on Upbit at 4 PM on the 26th was 147,551,000 won. It rose by 186,000 won (0.13%) from the previous day. Bitcoin's market dominance is around 65.3%.
Bitcoin showed an upward trend since the previous evening, temporarily breaking through 148 million won, and is currently hovering in that range. The 24-hour trading volume was approximately 12,600 BTC, about 1.86 trillion won.

According to on-chain analysis platform Sigbit, the long and short betting ratios in the Bitcoin futures market were 39.72% and 60.28%, respectively.

◇Rising Coins = At the same time, Sei (SEI) recorded the largest increase, rising about 0.52% and trading at 383 won.
Sei is a Layer 1 blockchain specialized in asset trading, providing a high-speed trading environment through a smart contract pre-proposal approval structure.

XEM rose about 2.3% to 8.47 won. XEM is a platform supporting both public and private blockchains, with expectations for technology-based ecosystem expansion.

◇Fear and Greed Index = The digital asset Fear-Greed index provided by Alternative is 66 points, entering the 'Greed' zone. The greed stage is a phase where price volatility and trading volume increase, with the possibility of forming a short-term peak.
The Relative Strength Index (RSI) provided by Sigbit is 65.4, in a 'neutral' state. RSI is an indicator showing overbought or oversold states of a specific asset, with 70 or above considered an overheated zone.

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