Bitcoin recovers above $70,000...Tether dominance declines, leading to a virtual asset rebound.

BTC reclaims $70,000 amid falling Tether dominance.
ETH recovers above $2,000... Watch to see if it can defend short-term support.
XRP attempts to settle above the $1.20 range after rebounding.

Bitcoin (BTC) saw an upward trend on the 9th, as risk appetite recovered somewhat after Tether dominance fell below 8% over the weekend.
Bitcoin is trading at $76,500 as of 4 p.m. today, having recovered above $70,000, and appears to have entered a technical rebound phase after its recent plunge.

In the short term, Bitcoin's key support level is analyzed to be $68,770. If this level holds, a rebound could continue, but if it breaks below it, increased volatility cannot be ruled out. For further upside, the analysis suggests that Tether dominance must continue to decline, breaking below the 7.42% level.

Ethereum (ETH) also followed Bitcoin's rebound and recovered $2,000.
As of 4:00 PM, Ethereum is trading around $2,080, with a key short-term support level at $1,954. Whether this level holds will be a key turning point, determining the sustainability of the rebound and the overall stability of the market.

XRP is showing a gradual recovery trend after rebounding from the low of $1.20.
XRP is currently trading at the $1.42 level, and if it settles in the $1.44 to $1.51 range, it is analyzed that further upward movement is possible.

This paper analyzes this trend as a combination of a short-term liquidity recovery and a technical rebound following a decline in Tether dominance. However, for a mid- to long-term trend reversal to occur, a further decline in Tether dominance and a stable inflow of funds, particularly in the spot market, are required. Therefore, we believe that the selling of assets by price range is likely to continue for the time being.

Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr