The cryptocurrency market is showing mixed trends. According to TokenPost Market, as of the morning of July 1, 2024, Bitcoin (BTC) is trading at $118,221.79 (approximately 164.57 million won), up +0.14% from the previous day.
Ethereum (ETH) has sharply risen +3.52% to $3,747.44 (approximately 5.21 million won).
Top Altcoin Price Changes
Prices of top altcoins mostly showed an upward trend.
- XRP +2.25% ▲
- BNB +2.14% ▲
- Solana +3.75% ▲
- Dogecoin +7.61% ▲
- Cardano +4.17% ▲
- TRON -2.26% ▼
Market Capitalization and Trading Volume Trends
The total cryptocurrency market capitalization recorded $3.9106 trillion (approximately 5,444 trillion won).
The trading volume over the past 24 hours was approximately $186.1 billion (approximately 259 trillion won).
Bitcoin and Ethereum Market Share Changes
Bitcoin's market share is 60.12%, decreasing -0.59% from the previous day.
Ethereum increased +0.26% to 11.56% from the previous day.
This is interpreted as investors diversifying some funds into altcoins within the market.
DeFi and Stablecoin Market Trends
The DeFi market showed a slight increase.
- DeFi Market Capitalization: $118 billion
- 24-hour Trading Volume: $46.5 billion
- Change Rate: +19.26% increase
The stablecoin market also expanded.
- Stablecoin Market Capitalization: $244.3 billion (approximately 340 trillion won)
- 24-hour Trading Volume: $175.1 billion (approximately 243 trillion won)
- Change Rate: +41.87% increase
The expansion of the stablecoin market is interpreted as reflecting the tendency to move funds to safe-haven assets due to recent market volatility.
Derivatives Market (Futures and Options) Trading Volume Increase
- Derivatives Trading Volume (24 hours): $1.6335 trillion (approximately 2,274 trillion won)
- Change from Previous Day: +45.49% increase
The surge in trading volume suggests that traders are actively using derivatives to respond to short-term volatility.
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