The cryptocurrency market is experiencing mixed price movements across different coins amid thin trading volumes and chaotic supply and demand. Bitcoin (BTC) is currently trading at 126.47 million Korean won, up 0.27% in the last 24 hours. Although ETF outflows and year-end liquidity tightening have limited price increases, it continues its strong trend.
Amidst stronger-than-expected US third-quarter GDP growth, concerns about persistently high interest rates have fueled investor caution. Ethereum (ETH) traded at 4.24 million won, up 0.36%, but outflows from ETFs totaling 80.3 billion won created continued selling pressure. Despite this, a whale investor pledged 28,320 ETH, indicating anticipation of a potential long-term upside.
Ripple (XRP) rose 1.24% to 2,702 won, but failed to break through the key resistance level of 2,770-2,780 won. Increased assets under management in the XRP ETF and the elimination of legal uncertainties have raised expectations, but the price remains in a limited uptrend.
On the other hand, Solana (SOL) is showing the strongest upward momentum among altcoins, with a price of 179,000 Korean won. The price of SOL is being driven up by the expansion of the DeFi and NFT ecosystems and ongoing developer activity. Fast transaction processing and low fees are considered key factors in expanding user and project engagement.
The overall market capitalization was approximately 2,900 trillion won, a slight decrease, with the investor sentiment index at 28, the "fear" level. In the short term, market volatility may increase due to upcoming major events such as the unlocking of JUP tokens and the release of the FOMC meeting minutes.
TokenPost AI Notes
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