[Bitcoin Now] Stable Coin Market... Sideways Movement for a Week

[Asia Economy Reporter Minwoo Lee] The price of Bitcoin, the leading cryptocurrency, has been stagnant for a week. It has struggled to break out of the mid-11 million KRW range.

According to the domestic cryptocurrency exchange Upbit as of 4:10 PM on the 11th, Bitcoin is trading at 11.71 million KRW. Although it surpassed 12 million KRW for the first time in about nine months on the 1st, it soon declined and has since remained within the 11.5 to 11.7 million KRW range since the 3rd.

Other major cryptocurrencies such as Ethereum and Ripple are showing similar trends. At the same time, Ethereum is priced at 294,350 KRW, up 0.09% from 24 hours ago. Since the 1st, it has fluctuated between 280,000 and 290,000 KRW with little volatility. Ripple recorded 240 KRW, down 0.41% from 24 hours ago. After reaching 251 KRW on the 4th, it has stayed in the 240 KRW range for a week.

This content was produced with the assistance of AI translation services.