Bitcoin (BTC) is leading the cryptocurrency market's strength while trading near its all-time high. Currently, Bitcoin's price is approximately 164 million won, which is about 25% higher compared to the beginning of this year. This is just 2% lower than the all-time high recorded in July 2025.
Ethereum (ETH) is trading at 5.33 million won, up 1.31% in the last 24 hours, attracting institutional investors due to the SEC's regulatory relaxation measures. The SEC recently approved the creation and redemption method (in-kind) of spot ETFs based on Bitcoin and Ethereum, making cryptocurrency ETFs similar in structure to traditional commodity ETFs.
XRP is trading at 4,343 won, down 0.16%, while Solana (SOL) is experiencing fluctuations around 249,000 won. The day's volatility is limited, but short-term adjustments may occur depending on overall market sentiment.
Meanwhile, the world's largest cryptocurrency exchange, Binance, temporarily suspended all deposits and withdrawals for 15 minutes on July 31st due to wallet infrastructure maintenance. While trading functions continued, this incident raises concerns about the reliability and stability of centralized exchanges.
Additionally, the White House is scheduled to release a key policy report on cryptocurrencies the same day. This is expected to reveal the federal government's approach to tokenization, stablecoin audits, and blockchain-based financial products, which is likely to significantly impact future market trends.
With Bitcoin's strength, increased institutional demand for Ethereum, and the anticipated White House policy announcement, the cryptocurrency market is expected to maintain expectations of investor sentiment recovery amid high volatility in the coming weeks.
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