Bitcoin hits a new high after two months, BTC, ETH, XRP, and SOL rise simultaneously

Bitcoin(BTC) hits a two-month high driven by easing inflation and regulatory policy progress in the United States. As of the 14th, Bitcoin trading price stands at 1.4167 billion KRW, up 3.59% from the previous day. Market analysts believe that the U.S. Consumer Price Index(CPI) falling to 2.7%, along with progress on the cryptocurrency regulatory bill “CLARITY Act,” has stimulated investment sentiment.

Bitcoin experienced slight adjustments during the trading session, but open interest in futures markets exceeds $138 billion, reflecting overall market expectations. From a technical perspective, Bitcoin is forming support in the $91,000 to $94,000 range.

Ethereum(ETH) also performed strongly, breaking through the 4.9 million KRW mark. This is a 5.2% increase from the previous day, currently approaching resistance near its 200-day moving average at $3,637. Meanwhile, the total market capitalization of cryptocurrencies is approaching $3.25 trillion.

Ripple(XRP) is at 3,154 KRW, up 2.71% from the previous day. XRP previously saw a single-day increase of over 5% after CME Group(CME Group) announced the launch of futures options, boosting institutional investor interest.

Solana(SOL) rose to 215,000 KRW, maintaining its upward momentum. This is attributed to CME’s plans to launch futures options, along with positive effects from expanding demand in DeFi and NFT sectors. Solana is a blockchain platform known for high processing speed and low fees.

TokenPost.ai Summary

Factors such as slowing US CPI and progress on regulatory bills have become catalysts for cryptocurrency gains.

BTC, ETH, XRP, SOL all show upward trends… investor attention is expanding.

Technical analysis should focus on breakthroughs of key support and resistance levels.

TokenPost AI Notes

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 actual facts.