Bitcoin breaks through 130 million KRW... Institutional buying expands amid extreme fear sentiment

2026-01-03 04:11:31

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The cryptocurrency market continues its upward momentum amid extreme panic at the beginning of 2026. Notably, Bitcoin (BTC) breaking through 13 million Korean won demonstrates strong performance, supported by sustained institutional buying.

Bitcoin is currently trading at 13,025,000 Korean won, up 1.7% in the past 24 hours. The market interprets the purchase of 8,888.88 BTC with Tether as a signal of institutional confidence. If it breaks through the so-called “Gandalf line,” an important resistance level in the industry, further upside potential is expected to expand.

Ethereum (ETH) is trading near the 4.5 million Korean won level, recording a 3.6% increase over the past 24 hours. Similar to Bitcoin, Ethereum is testing technical resistance lines, with on-chain indicators such as the “Staking Flip” trend attracting attention.

Ripple (XRP) rose 7.9% to 2,938 Korean won, while Solana (SOL) maintained its upward trend at 191,706 Korean won. Particularly, Ripple may face significant price volatility due to upcoming regulatory events such as the “Clear Bill” vote scheduled for January 15.

Market analysts emphasize that the upward trend may continue until January 15, but regulatory and policy-related variables could increase market volatility. Therefore, investors should closely monitor resistance line breakthroughs for BTC and ETH, as well as future risk factors.

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BTC0,98%

ETH1,02%

XRP5,18%

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