[Midnight Price Briefing] Cryptocurrency Market Rising… Bitcoin $118,000, Ethereum $3,730

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The cryptocurrency market is showing an upward trend. According to TokenPost Market, Bitcoin is currently trading at $118,120.62 (approximately 163.4 million won), up 2.69% from the previous day.

Ethereum recorded a price of $3,730.20 (approximately 5.16 million won), up 2.61% from the previous day.

Cryptocurrency Price Data

Cryptocurrency Price Data / TokenPost Market

Top Altcoin Price Changes

Most top-tier altcoins showed an upward trend.

  • XRP +5.57%
  • BNB +2.36%
  • Solana +5.16%
  • Dogecoin +5.88%
  • Cardano +6.30%
  • TRON +1.43%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization recorded $388.04 billion (approximately 536.8 trillion won), and the 24-hour trading volume was counted at $141.6 billion (approximately 19.58 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share is 60.57%, a decrease of 0.16% from the previous day, and Ethereum's share is 11.60%, a decrease of 0.03%. This can be interpreted as an indicator of the relative strength of other altcoins.

DeFi and Stablecoin Market Trends

  • DeFi Market Capitalization: $113.1 billion
  • DeFi Trading Volume (24 hours): $39.1 billion
  • 24-hour Change Rate: -17.43% Decline
  • Stablecoin Market Capitalization: $246.9 billion (approximately 342 trillion won)
  • Stablecoin Trading Volume (24 hours): $134.5 billion (approximately 186.1 trillion won)
  • 24-hour Change Rate: -38.75% Decline

Derivatives Market Trends

  • Derivatives Trading Volume (24 hours): $1.3143 trillion (approximately 1,818 trillion won)
  • Change from Previous Day: -39.94%

While major cryptocurrencies are showing strength overall, the decline in trading volume in the DeFi, stablecoin, and derivatives markets suggests the possibility of some adjustment cannot be ruled out.

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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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