In the domestic cryptocurrency market, Bitcoin is trading within the 120 million Korean won range and showing a slight upward trend. The current Bitcoin price is 126.65 million Korean won, up approximately 0.42% within 24 hours. Although the global market is experiencing an overall downward trend, the Korean market remains relatively strong due to a premium, indicating a relatively robust price movement.
The market is paying close attention to the movements of Bitcoin whales. On-chain data shows that even during price adjustments, a large number of holding investors continue to buy, confirming investors’ optimistic outlook on the long-term price prospects. In fact, Bitwise’s Chief Investment Officer recently issued a long-term outlook, suggesting that Bitcoin could rise to about 1.3 billion Korean won by 2035, supporting an optimistic expectation.
Additionally, the Federal Reserve’s recent injection of approximately 2.5 trillion Korean won in liquidity into the banking system through overnight repurchase operations has also attracted attention. Cryptocurrency experts analyze that such liquidity supply will have a positive impact on risk assets, and the market’s actual response is drawing focus. However, the market remains cautious, as the 120 million Korean won level acts as a key support, and whether it can hold will dominate future trends.
Major altcoins are also showing a volatile pattern. Ethereum(ETH) is currently trading at 4.23 million Korean won, with a slight increase of 0.03% within the day. As forecasts suggest that Ethereum’s TVL(Total Value Locked) could grow more than 10 times in the next two years, long-term growth expectations are continuing to heat up.
Ripple(XRP) is trading at 2,676 Korean won, up 0.72%. Some analysts believe that as the lawsuit with the U.S. Securities and Exchange Commission approaches its conclusion, investor sentiment is partially recovering. Solana(SOL) is at 178,000 Korean won, showing higher volatility but maintaining relative strength due to ecosystem growth and technological advancements.
Meanwhile, some altcoins such as TRU, AT, and KAITO have surged by 37%, 34%, and 23%, respectively, attracting market attention. This indicates that as the fundamentals of certain projects become more prominent, selective investment is actively expanding.
The United States is also showing signs of reforming its regulatory framework by adjusting the functions of the Securities and Exchange Commission and the Commodity Futures Trading Commission. Such structural changes could become significant variables affecting the investment environment of the cryptocurrency market in the medium to long term.
Experts predict that Bitcoin will fluctuate repeatedly with the 130 million Korean won level as resistance in the short term, emphasizing the need for strategic planning for long-term investments.
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