Ripple Surges 13% Amid Bitcoin Stability, Ethereum Technology Development Spurred

This article is machine translated
Show original

Bitcoin Price Rises 7.2% Weekly, Showing Stable Trend

Bitcoin (BTC) was traded at 121.6 million won as of April 15, recording a 7.2% weekly increase. This is a significant rebound from last week's drop to 74.5 million won. The U.S. tariff relaxation policy and Treasury's liquidity supply announcement are interpreted as stimulating buying sentiment.

Daily trading volume exceeded 1.2 million BTC, reflecting market vitality, and on-chain data showed an average of 300,000 daily transactions. Experts analyzed that institutional investors' market entry is the background of Bitcoin's strength.

Positive trends are continuing in terms of regulation. The passage of Bitcoin mining protection bill in Arizona and digital asset investment permission bill in New Hampshire are acting as market stability signals.

Ethereum, Expecting Technology Development and Privacy Enhancement

Ethereum (ETH) showed a weekly 3.3% increase, currently trading at 2.33 million won. Vitalik Buterin is accelerating network anonymity improvement by proposing privacy features like Railgun and Privacy Pools.

The Pectra upgrade scheduled for next month is expected to improve scalability and security, raising market expectations. However, recent asset outflows and long-term holders' selling continue to leave potential for short-term adjustments.

Ripple, Strong Rebound Amid Regulatory Relaxation Expectations

Ripple (XRP) has surged 13.3% weekly, currently trading at 3,059 won. April has historically been a strong month for Ripple, and investors are paying attention to this positive trend.

The possibility of partnership between Ripple and SWIFT has driven price increases, and the potential for appeal suspension and negotiated settlement in the SEC lawsuit has reduced regulatory uncertainty. Ripple has also announced strengthened cooperation with Revolut and Zero Hash, focusing on expanding payment infrastructure.

Market Overview and Outlook

With positive changes in U.S. economic policies, market recovery centered on Bitcoin is being detected. Industry experts analyze that Bitcoin's stability, Ethereum's technological advances, and Ripple's legal risk mitigation are creating additional upside potential for the market.

However, external variables such as global inflation and geopolitical risks still exist, requiring caution about volatility. Investors should approach the market focusing on each project's technological capabilities and market utilization potential.

Real-time news...Go to TokenPost Telegram

<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>

Source
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.
Like
Add to Favorites
Comments