Bitcoin, a leading cryptocurrency, continued its year-end rally, surpassing 128 million won. Rising 1.5% in the last 24 hours, Bitcoin has gained upward momentum since breaking out of its trading range in mid-December.
Despite reduced trading volume and lower volatility, Bitcoin has maintained a stable trend. Dragonfly's Hashib Qureshi predicts that Bitcoin's price could rise to over 150 million won by the end of 2026, but also points out that its market dominance may weaken.
The spot Bitcoin ETF saw an outflow of approximately 1.1 trillion won, with experts analyzing that the year-end loss realization strategy implemented for tax optimization was the reason for the capital withdrawal.
Ethereum rebounded from the $2,800 support level, breaking through 4.3 million won, and rose 1.8% in 24 hours. The spot Ethereum ETF saw outflows of approximately 612 billion won in the past month, with a single-day net outflow of 9.6 billion won on December 29th. However, inflows from Fidelity partially offset outflows from BlackRock, resulting in a divergence in fund flows among issuers.
Ripple (XRP) is trading around 2,700 won, up slightly by 0.66% in the last 24 hours. The US-listed XRP spot ETF has seen inflows for 29 consecutive days, with cumulative inflows exceeding 1 trillion won.
Solana is currently trading stably around the 180,000 won mark, maintaining high trading volume despite a slight decrease in on-chain activity. The overall cryptocurrency market capitalization rose 0.7% to 3,060 trillion won, with a 24-hour trading volume of 95.5 trillion won.
On the other hand, Russia is strengthening its regulation of Bitcoin mining infrastructure, which is seen as part of a changing global cryptocurrency regulatory environment.
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