Ethereum Breaks ₩5 Million Mark as Altcoins Rally: Bitcoin Pauses

 Ethereum Hits ₩5 Million as Altcoin Momentum Builds — Bitcoin Holds Steady



The global cryptocurrency market shows a mixed trend this week. Bitcoin (BTC) is consolidating around the ₩160 million level, while Ethereum (ETH) staged a powerful rally, surpassing ₩5 million — a 25% weekly gain.



As of July 21, 9:10 AM KST, Bitcoin traded at ₩159.9 million on Bithumb and ₩159.82 million on Upbit, slightly down from the previous day. On CoinMarketCap, Bitcoin's price hovered around $117,084, reflecting a 0.53% daily decline.


Meanwhile, Ethereum reclaimed the psychological ₩5 million mark, trading at ₩5.11 million on both Bithumb and Upbit, with a minor pullback. On CoinMarketCap, ETH surged by 4.48%, standing at $3,743.


Bitcoin's “Kimchi Premium” turned negative — currently at -1.66%, indicating Korean prices are lower than global averages.


Altcoins continue to shine. Over the past week:


Ethereum (ETH) skyrocketed +25.12%


Ripple (XRP) followed with +21.08%


Bitcoin (BTC) stayed slightly negative at -1.88%


Adding to market sentiment, MicroStrategy, the largest corporate holder of Bitcoin, hinted at further accumulation. With over 601,550 BTC valued at approximately ₩99.4 trillion, MicroStrategy remains a pivotal player. Founder Michael Saylor confirmed ongoing bullishness toward Bitcoin, supporting institutional demand.


The Crypto Fear & Greed Index scored 71 today, signaling ongoing Greed sentiment despite a slight dip from yesterday’s 72. This index suggests the market remains optimistic but may need caution.


Is the Altcoin Rally Just Beginning?

With Ethereum and Ripple leading gains and major institutions fueling market confidence, the altcoin market could see further upside. Meanwhile, Bitcoin’s consolidation might set the stage for its next move.


#BitcoinNews #EthereumRally #CryptoMarketUpdate #AltcoinSeason #BTCvsETH #CryptoInvesting #MicroStrategy #CryptoFearGreedIndex #CryptoPriceAnalysis #BlockchainNews

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