Anticipation of Physical ETF Launch Drives Ripple Surge
Traded at 146 Million Won on Domestic Exchanges·Investor Sentiment at ‘Neutral’ ‘[E Daily Reporter Kang Min-gu] Among major cryptocurrencies, Bitcoin showed a steady trend, whereas Ripple experienced a sharp rise.’,
‘According to the global cryptocurrency market tracking site CoinMarketCap on the morning of the 9th, Bitcoin was trading at $10,606.4, up 0.27% from 24 hours ago. This marks a 0.28% increase compared to a week ago. Ethereum, a representative altcoin (cryptocurrencies other than Bitcoin), rose 0.23% to $2,527. Ripple increased by 4.09% due to the anticipation of the launch of a physical ETF following its inclusion in the Nasdaq index.’,
‘On major domestic cryptocurrency exchanges, Bitcoin is being traded at around 146 million won. On Upbit, Bitcoin fell 0.22% from 24 hours ago to 146,188,000 won, and Ethereum decreased by 0.63% to 3,482,000 won.’,
‘On Bithumb, Bitcoin rose by 0.04% to 146,170,000 won, while on Coinone, it fell 0.17% to 146,130,000 won.’,
‘Meanwhile, according to CoinMarketCap’s ‘Fear & Greed Index’ for cryptocurrency, the market sentiment stage remained at 55 points, maintaining a ‘neutral’ stage. This index indicates extreme fear and potential overselling by investors when the value approaches zero (0), while a score close to 100 suggests a market driven by greed with potential for adjustment.’,