Bitcoin, Continuing Upward Trend by Breaking Psychological Resistance Line
Bitcoin (BTC) is currently trading at around 137.72 million won, maintaining a strong upward trend. After breaking through the 95,000 dollar resistance line and reaching 97,000 dollars in US dollar terms, it has now entered a stabilization phase. This is interpreted as laying the groundwork for Bitcoin to challenge its historical high of 100,000 dollars.
In the last 24 hours, Bitcoin has risen by 2.14%, and over the past month, it has increased by 14.9%. Its market capitalization is approximately 2,735 trillion won, accounting for 63.8% of the entire cryptocurrency market. Some experts are concerned about the long-term security of Bitcoin due to potential developments in quantum computing.
Ethereum, Preparing to Break Important Resistance Line
Ethereum (ETH) is currently trading at around 2.61 million won, testing the major resistance line of 1,861 dollars (approximately 2.64 million won). While it rose by 1.91% in the past day, it has shown a decline of 24.76% and 44.12% over 60 and 90 days, respectively, drawing attention to its potential recovery.
Its market capitalization is around 316 trillion won, with a market share of 7.38%. Experts assess that if the overall market sentiment is positive, ETH could also turn to an upward trend.
Ripple, Stable Increase Amid Regulatory Expectations
Ripple (XRP) is currently trading at around 3,166 won, maintaining the important support line of 2,400 won (about 2.20 dollars). XRP has risen by 0.94% in a day and increased by 6.43% over the past month.
With a scheduled meeting with the SEC in May 2025, the potential resolution of uncertainties and expectations for Ripple ETF approval are acting as upward factors. According to Bloomberg ETF strategists, the possibility of Ripple ETF approval is estimated at 85%. Recently, it was also revealed that Ripple attempted to acquire Circle but was rejected, showing its intent to enter the stablecoin market.
Cryptocurrency Market Outlook
Bitcoin's strength is leading to an optimistic outlook for the entire cryptocurrency market. As BTC moves towards 100,000 dollars, it is playing a central role in the market, and ETH and XRP are also showing rebound signals through technical breakthroughs and regulatory expectations.
Experts view the potential market expansion positively through increased institutional investment participation, ETF approval movements, and regulatory improvement trends compared to the past, while also emphasizing caution about high volatility.
Major Cryptocurrency Price Summary
| Asset | Current Price | 24-hour Change | Key Issues and Outlook |
|---|---|---|---|
| Bitcoin | Approximately 137.72 million won | +2.14% | Surpassed 95,000 dollars, high possibility of reaching 100,000 dollars |
| Ethereum | Approximately 2.61 million won | +1.91% | Testing key resistance line, potential for rebound |
| Ripple | Approximately 3,166 won | +0.94% | SEC meeting, ETF expectations, intent to expand stablecoin market |
The cryptocurrency market is likely to gain a new direction based on its movements in the coming weeks, requiring investors to continuously monitor the market.
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