The cryptocurrency market continues to rise, centered around Bitcoin. Bitcoin (BTC) maintains its strength after breaking through the $100,000 mark and is currently trading at 146.41 million won. It has risen 0.19% in the past 24 hours. Ethereum (ETH) and Solana (SOL) are showing positive trends, while XRP has slightly declined.
Bitcoin Maintains Upward Trend with ETF Inflows
Bitcoin temporarily dropped below $100,000 but successfully rebounded with additional purchases by long-term holders. Currently trading at 146.41 million won, market participants' confidence is being restored.
Particularly, Bitcoin ETF market continues to see fund inflows. In the second week of June alone, $137 million was invested, with a total inflow of $2.4 billion over 8 consecutive days of net inflows. BlackRock's IBIT is leading this trend, with cumulative net inflows reaching $46.9 billion since 2024. The total assets under management for US Bitcoin ETFs are currently at $125 billion.
Major mining companies like Bitdeer are expanding their Bitcoin holdings, continuing the trend of institutional investment expansion.
Ethereum Maintains Positive Momentum in ETF Market
Ethereum is currently trading at 3.31 million won, rising 0.47% in 24 hours. Ethereum ETF continues to see fund inflows, with $52.82 million invested in the second week of June. It has maintained a positive momentum with a total inflow of $1.4 billion over 19 consecutive days of net inflows.
However, interest in ETFs appears relatively lower compared to BTC, and investors are paying attention to potential further upward signals.
Solana Shows Positive Trend with Ecosystem Expansion and Developer Support
Solana is currently trading at 205,000 won, gaining attention through ecosystem expansion and strengthening developer ecosystem. Its DeFi total value locked (TVL) has surpassed $8.1 billion.
Sol Strategies has begun active project investments through the Solana Ecosystem Fund (SEF), completing initial investments using JTO Token. This approach signifies a shift from passive holding to active support.
The 'Build on Solana' program sponsored by Chainlink is also actively unfolding, with support and incentive programs prepared for Web3 developers. While some ecosystem tokens showed adjustments, overall market expectations remain maintained.
XRP Slightly Declines without Significant Momentum
XRP is currently trading at 2,979 won, declining 0.02% in 24 hours. It is trading according to market average trends without any special news or legal developments.
Overall, the cryptocurrency market shows a stable upward trend centered on Bitcoin's strength, and ETF fund inflows and institutional participation are expected to have a positive impact on future market trends. Investors need to carefully observe the ecosystem development of each coin.
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