The cryptocurrency market is showing a trend of buying pressure spreading to select altcoins amid gains in major coins such as Bitcoin, Ethereum, and Solana. Rather than the entire market moving strongly in unison, a clear differentiation between individual coins is a notable feature.

Bitcoin, Ethereum, and Solana Rise... Ethereum Posts Largest Gain

On the 24th, based on Binance spot prices, Bitcoin (BTC) rose 1.17% from 24 hours earlier to $77,738.01. Ethereum (ETH) climbed 1.98% to $2,465.95, and Solana (SOL) gained 0.82% to $94.54. Among major coins, Ethereum posted a relatively large increase.

Spot trading volumes were approximately $1.36 billion for Bitcoin, $989 million for Ethereum, and $305 million for Solana, with trading centered on large-cap assets. However, some pullbacks are appearing near intraday highs, making it difficult to characterize the market as one where buying pressure is unilaterally driving prices higher.

Selective Strength in Altcoins... TUT Soars 28.8%, ZRO 23.9%

In the altcoin market, movements of individual coins stood out even more. Based on the daily market on the 23rd, TUT rose 28.8%, ZRO 23.9%, and MORPHO 20.6%, significantly outperforming the market average.

This trend shows that funds are flowing in selectively, centered on specific themes and coins, rather than spreading simultaneously across all altcoins. For coins that have surged in a short period, volatility can expand rapidly depending on news, themes, and liquidity concentration, making the sustainability of trading volume a key variable.

Key Factors Ahead: Whether Bitcoin Breaks Its High and Trading Volume Sustainability

Going forward, the key questions for the market will be whether Bitcoin can break above its intraday high again and whether the relative strength of large altcoins such as Ethereum continues. Whether spot trading volumes remain at current levels, and whether trading volumes of recently surging altcoins do not decline, could serve as indicators for judging short-term direction.

At present, the market is closer to a phase where major coins maintain a gradual uptrend with rotational buying across individual coins, rather than a typical bull market in which Bitcoin strongly pulls up the entire market. Accordingly, it is necessary to examine individual coins' trading volumes and price volatility together, rather than focusing solely on overall market indices.

[This article was written with AI assistance. Cryptocurrency is a highly volatile asset, and this article is intended to provide market information, not investment advice.]