Bitcoin continues to rise... Major market analysis and future outlook for ETH, XRP, SOL

robot
Abstract generation in progress

The cryptocurrency market has shown a slight upward trend over the past 24 hours, attracting investor attention. Among them, Bitcoin is trading near the 1.4 billion won level, up 1.02%, and altcoins are generally showing positive momentum.

Bitcoin(BTC) is trading near the 1.4 billion won level, with a 24-hour increase of 1.02%. However, influenced by recent geopolitical tensions and uncertainties in US policies, its role as a safe-haven asset compared to traditional assets like gold and silver shows limitations. Due to the continuous rise in mining difficulty and the decline in hash rate, miners are not actively restarting mining machines.

Ethereum(ETH) is trading at around 4.9 million won, up 1.99%. While aligning with market trends, its status as a safe-haven asset is limited by infrastructure risks and concerns over scams.

Ripple(XRP) is priced at 3,065 won, up 2.33%. After legal disputes with the US Securities and Exchange Commission(SEC), XRP seems to have been positively affected, especially in an environment calling for clearer regulation.

Solana(SOL) is stably trading near 210,000 won. Its high-speed blockchain infrastructure has attracted attention for potential integration with real-world assets(RWA) and stablecoin-linked products, which could enhance its competitiveness in the mid- to long-term altcoin market.

On the other hand, India is looking forward to cryptocurrency tax exemptions and clearer regulations ahead of the 2026 budget proposal. Discussions around reducing the 1% source deduction tax(TDS) and a 30% virtual asset income tax exemption are expected to expand liquidity in the Asian market in the future.

Experts advise caution in considering cryptocurrencies as safe-haven assets, given the ongoing issues of disorderly issuance of altcoins and fragile infrastructure.

TokenPost AI Notice

This article uses a language model based on TokenPost.ai for summarization. The main content of the body may be omitted or may differ from the facts.

BTC-0.35%
ETH0.35%
XRP-0.48%
SOL-1.53%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)