Bitcoin Reclaims 100 Million Won Amid Macroeconomic Uncertainty; Aztec Surges Over 100% on Upbit Listing

▲ Upbit on February 20

Amid ongoing global macroeconomic uncertainty and geopolitical tensions stemming from the Middle East, the domestic cryptocurrency market is showing strong resilience. In particular, Bitcoin (BTC), the market bellwether, has once again surpassed the psychologically significant 100 million won level, leading overall investor sentiment higher.

As of 5:19 p.m. on the 20th, according to data from domestic cryptocurrency exchange Upbit, Bitcoin was trading at 100.07 million won, up 1.24% from the previous day, reclaiming the 100 million won mark. During intraday trading, it climbed as high as 100.101 million won. Despite prevailing global risk-off sentiment, the domestic market demonstrated solid support with strong buying interest at lower levels.

Major large-cap altcoins also posted modest rebounds in tandem with Bitcoin’s upward movement. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, rose 0.66% from the previous day to trade at 2.894 million won, while XRP (Ripple) gained 1.01% to 2,096 won, pausing for breath amid broader market weakness. Solana (SOL) also advanced 1.31% to 123,300 won, signaling a warming trend across major coins.

Notably, mid- and small-cap tokens driven by individual catalysts and liquidity flows have stood out. Aztec (AZTEC) surged 111.51% following its listing on Upbit, soaring to 53.3 won and drawing significant market attention with its outsized gains. ENSO also jumped 13.20% to 2,796 won, highlighting explosive volatility concentrated in select tokens attracting liquidity.

Market experts note that Bitcoin’s recovery of the 100 million won level, despite an unstable macroeconomic environment and subdued investor sentiment, reflects solid underlying demand from domestic investors awaiting buying opportunities. However, with macro variables such as uncertainty over the U.S. Federal Reserve’s interest rate policy still looming, it remains premature to predict a sustained upward trend. Market participants are closely watching whether Bitcoin can firmly establish 100 million won as a stable support level and whether capital rotation into major altcoins such as Ethereum and XRP will follow.

Disclaimer: This article is for investment reference only and does not assume responsibility for any investment losses incurred based on it. The content should be interpreted solely for informational purposes.