[Morning Stock Briefing] Cryptocurrency Market Downtrend… Bitcoin $117,990, Ethereum $3,572

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The cryptocurrency market is showing an overall downward trend. According to TokenPost Market (Korean time), Bitcoin (BTC) is trading at $117,990.84 (approximately 162.19 million won), down -1.50% from the previous day.

Ethereum (ETH) is also recording a -3.68% decline at $3,572.76 (approximately 4.91 million won).

Cryptocurrency price data

Cryptocurrency price data / TokenPost Market

Top Altcoin Price Changes

  • XRP -10.98%
  • BNB -1.81%
  • Solana -6.90%
  • Dogecoin -9.35%
  • Cardano -9.37%
  • TRON -1.81%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization recorded $384.13 billion (approximately 528 trillion won). The total cryptocurrency trading volume in the past 24 hours was $19.81 billion (approximately 272 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share is 61.12%, increasing by about 0.86% from the previous day. In contrast, Ethereum's share is 11.23%, decreasing by 0.09% from the previous day.

DeFi and Stablecoin Market Trends

  • DeFi Market Capitalization: $10.97 billion
  • DeFi Trading Volume (24 hours): $5.02 billion
  • 24-hour Change Rate: -2.49% Decrease
  • Stablecoin Market Capitalization: $245.6 billion (approximately 338 trillion won)
  • Stablecoin Trading Volume (24 hours): $187.4 billion (approximately 258 trillion won)
  • 24-hour Change Rate: -7.94% Decrease

With expanded market volatility, DeFi showed a downward trend, and stablecoin trading volume also decreased.

Derivatives Market (Futures & Options) Trading Volume

  • Derivatives Trading Volume (24 hours): $1.818 trillion (approximately 2,499 trillion won)
  • Change from Previous Day: -9.08% Decrease

The derivatives market trading volume also decreased, showing a partial contraction in short-term trading activities.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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