BTC falls to the low $70,000 range ETH maintains the $2,100 range XRP fluctuates in the high $1.4 range
Design by Blockstreet Reporter Jeong Ha-yeon
The recent trend of capital inflows into U.S. spot cryptocurrency exchange-traded funds (ETFs) was temporarily halted as a total of 329.9 billion won was recorded as a net outflow yesterday. Furthermore, as geopolitical risks intensified in the Middle East, investor risk aversion strengthened, leading to a short-term correction across the cryptocurrency market alongside capital outflows.
Bithumb Bitcoin (BTC) Daily Chart
Bitcoin (BTC) has fallen about 6% from its high yesterday, showing signs of a slowdown in its upward trend. As of 3:15 PM on the 19th, Bitcoin is trading at $70,920 (approximately 106.56 million KRW), and whether it holds support at $70,000 is considered a critical turning point in the short term.
Bithumb Ethereum (ETH) Daily Chart
Ethereum (ETH) also showed a downward trend, displaying weakness compared to the previous day. As of the same time, Ethereum is trading at $2,190 (approximately 3.29 million won), and the trend continues to test support around the $2,100 level.
Bithumb Ripple (XRP) Daily Chart
XRP is trading at $1.47 (approximately 2,208 KRW), showing a relatively limited downtrend. Amid a short-term correction following a recent upward trend, the market views whether it holds support in the $1.44–$1.46 range as a key variable determining its future direction.
Market analysts attribute the recent increase in short-term volatility to a combination of escalating geopolitical risks and ETF outflows. However, as the mid-to-long-term upward trend remains largely unchanged, assessments suggest that the possibility of a renewed rebound cannot be ruled out, depending on whether external variables ease in the future.
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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