The cryptocurrency market has seen a slight upward trend over the past 24 hours, attracting investor attention. Bitcoin is trading around the 140 million won mark, up 1.02%, while Altcoin have generally shown positive performance.
Bitcoin (BTC) is trading around the 140 million won mark, up 1.02% in the last 24 hours. However, due to recent geopolitical tensions and uncertainty surrounding US policy, its role as a safe-haven asset is becoming increasingly limited compared to traditional assets like gold and silver. The continued rise in mining difficulty and the persistent decline in hash rate have dampened miners' enthusiasm for restarting their mining rigs.
Ethereum (ETH) is trading around 4.9 million won, up 1.99%. While following market trends, its status as a safe-haven asset is limited by lingering infrastructure risks and fraud concerns.
Ripple (XRP) is trading at 3,065 won, up 2.33%. XRP, which has previously been embroiled in legal disputes with the U.S. Securities and Exchange Commission (SEC), appears to have been indirectly positively impacted by the current climate demanding clearer regulations.
Solana (SOL) is trading stably around the 210,000 Korean Won level. Its high-speed blockchain infrastructure raises concerns about its potential integration with Real Assets (RWA) and stablecoin-linked products. This could become a competitive advantage for it in the medium to long term in the Altcoin market.
On the other hand, India anticipates cryptocurrency tax relief and regulatory clarification ahead of its 2026 budget. With discussions surrounding a 1% source tax (TDS) reduction and a 30% tax relief on virtual asset gains, liquidity in Asian markets is expected to increase in the future.
Experts advise that, given the ongoing issues of disorderly issuance of Altcoin and infrastructure fragility, a cautious approach should be taken when considering cryptocurrencies as safe-haven assets.
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