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.
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