Bitcoin Price Breaks Through 150 Million Won
As the cryptocurrency market shows a strong upward trend, Bitcoin (BTC) has surpassed 150 million won based on Korean time. Currently, Bitcoin is trading at 159 million won, rising 4.08% in the past 24 hours.
This rise is primarily attributed to institutional investor inflows and the United States' pro-cryptocurrency policy stance. Particularly, news about the US government's strategic reserve program is also having a positive impact on the upward trend.
Bitcoin Reaches All-Time High
Bitcoin has set a new record high by breaking through $116,000 in the global market. Market experts are suggesting the possibility of reaching $130,000-$140,000 by the end of the year, with both technical indicators and investment sentiment showing an optimistic flow.
Ethereum, Ripple, and Solana Rise Together
Ethereum (ETH) is currently trading at 4.06 million won, rising 6.29% in the past 24 hours. With Bitcoin's dominance somewhat reduced, investment interest in altcoins is expanding.
Ripple (XRP) rose 4.82% to 3,504 won. Ripple's volatility is increasing due to a sharp rise in unresolved options market contracts, with some technical analysts mentioning the possibility of further increases.
Solana (SOL) is also showing a strong upward trend, trading at 225,000 won. In the full-scale altcoin season, Solana is drawing attention as a promising asset.
Market Rise Background and Institutional Influence
The overall cryptocurrency market's upward trend is based on three factors: expectations of interest rate cuts, expanded institutional investment, and positive technical analysis signals.
Among these, funds flowing into Bitcoin spot ETFs have reached around $15 billion, with these institutional capital inflows providing strong upward momentum to the market.
Currently, the cryptocurrency market is experiencing a boom phase with Bitcoin's bullish market, altcoins' performance, and active participation from financial institutions.
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