BTC hovers around 120 million KRW... SOL shows a significant upward trend | ETH and XRP fluctuate

The cryptocurrency market shows mixed gains and losses across various coins amid thin trading volumes and supply-demand confusion. Bitcoin (BTC) is currently trading at 12,647,000 KRW, up 0.27% in the past 24 hours. Despite ETF fund outflows and liquidity tightening toward the end of the year limiting price increases, the overall trend remains strong.

Against the backdrop of the US Q3 GDP growth rate exceeding expectations, concerns about prolonged high interest rates persist, leading to a cautious investor sentiment. Ethereum (ETH) is trading at 4,240,000 KRW, up 0.36%, but ETF fund outflows totaling 80.3 billion KRW continue to exert selling pressure. Nevertheless, a whale investor has staked 28,320 ETH, indicating optimism about a long-term upward trend.

Ripple (XRP) has risen 1.24% to 2,702 KRW but has not broken through the key resistance zone of 2,770~2,780 KRW. The increase in assets under management of XRP ETFs and the resolution of legal uncertainties have raised expectations, but the price remains within a limited upward trend.

On the other hand, Solana (SOL) shows the strongest upward momentum among competing coins, trading at 179,000 KRW. The expansion of DeFi and NFT ecosystems, along with ongoing developer activity, is driving up SOL’s price. Fast transaction processing and low fees are considered key factors in expanding user and project participation.

The overall market capitalization is approximately 2,900 trillion KRW, a slight decline, with the investor sentiment index at 28, indicating “fear.” In the short term, upcoming major events such as JUP token unlocks and the release of FOMC meeting minutes may increase market volatility.

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