The Crypto Assets market is showing a volatile trend, with the trading price of Bitcoin (BTC) at 129,650,000 won, down 2.56% from the previous day, with the decline slightly easing.
Bitcoin has fluctuated between 130 million and 135 million KRW in the last 24 hours, with a correction due to its failure to break through the 90 million KRW (USD benchmark) resistance level. Since entering the fourth quarter, it has fallen by more than 22%, continuing to show weakness, which is considered one of the poorest year-end performances apart from the major bear market.
Against this background, some analyses indicate that the weakness of the US dollar index may become a positive factor for Bitcoin. Another situation worth noting is that, although the asset management company BlackRock has listed Bitcoin ETF as a major investment theme, the recent outflow of funds from spot ETFs is intensifying market uncertainty.
The trading price of Ethereum (ETH) is 4.34 million won, a fall of 4.06% compared to the previous day; Ripple (XRP) is quoted at 2789 won, down 2.76%. Although Ripple has recently expanded its partnerships and there are expectations for an ETF, it has not achieved an immediate price increase. However, some market experts mention that XRP may experience a sharp rise in the future.
Meanwhile, Solana (SOL) has become the only coin among major crypto assets to show an upward trend. The current trading price is 182,817 KRW, continuing its rise. This is interpreted as a reflection of the strong performance of the Solana ecosystem recently and positive movements within the market.
The total market capitalization of the overall Crypto Assets market is approximately $2.96 trillion, a decrease of 2.1% in a single day. As the end of the year approaches, trading volume is decreasing, and low volatility is expected to continue, leading investors to exhibit a more cautious operational attitude.
The crypto assets market may experience additional volatility as the year crosses over, especially the price trend of Bitcoin, which could determine the overall market direction and requires attention.
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