Bitcoin, Maintaining Steady Trend Amid Expectations of U.S. Strategic Holding Policy
Bitcoin (BTC) is currently trading at around 162 million won, showing a 0.05% decline compared to the previous day. Its market capitalization has exceeded 2.36 trillion dollars, occupying more than 60% of the entire cryptocurrency market.
Expectations are spreading in the market that the U.S. government will announce the establishment of a 'Strategic Bitcoin Reserve'. This could potentially utilize approximately 200,000 BTC seized during law enforcement processes, and the policy is analyzed as potentially being a turning point for Bitcoin to gain a status similar to gold within the financial system.
Technically, BTC is testing the support line at $111,505, and the market is maintaining a wait-and-see attitude ahead of the Federal Reserve's interest rate decision and the White House's cryptocurrency policy report.
Ethereum, Continuing Upward Trend, Approaching 5 Million Won Milestone
Ethereum (ETH) is currently trading at around 5.2 million won, continuing its recent recovery trend. This represents a 0.64% increase from the previous day, with a market capitalization of 461 billion dollars.
ETH, which faced difficulties in early 2025, is showing a strong rebound and regaining investor attention. However, it has not yet reached its previous all-time high, and its future rebound potential is expected to be determined by the U.S. government's clarification of cryptocurrency regulations.
Ripple, Attracting Attention Amid Expectations of Digital Asset Reserves
Ripple (XRP) is trading at 4,326 won, up 0.28%. Speculation that the U.S. is considering national reserves of digital assets, including XRP, is increasing short-term benefit expectations.
Particularly, the White House's cryptocurrency policy report is expected to clarify XRP's regulatory status, which could potentially have a positive impact on XRP's price and adoption.
Solana, Performance Limited in Bitcoin's Shadow
Solana (SOL) is currently trading at around 250,000 won, but market interest remains focused on Bitcoin and major policy changes, resulting in limited movement for altcoins including SOL.
Key Market Variables: White House Policy and Federal Reserve Decision
The main variables in the cryptocurrency market are the White House's official report and the Federal Reserve's interest rate decision. The report is expected to include clear cryptocurrency regulations, stablecoin reform, potential CBDC issuance prohibition, and national strategic Bitcoin holding policy.
The Federal Reserve is expected to maintain interest rates, with the possibility of a September rate cut emerging as a market focus. Consequently, price volatility may increase after the weekend.
Currently, the market exists in a state of coexisting expectations and uncertainties, with the overall direction of cryptocurrencies expected to be determined by policy announcements.
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