[Morning Market Briefing] Cryptocurrency Market Downtrend... Bitcoin $118,000, Ethereum $3,791

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The cryptocurrency market is showing a downward trend. According to TokenPost Market, as of 24th afternoon (KST), Bitcoin is trading at $118,117.56 (approximately 164.13 million won), down -0.61% from the previous day.

Ethereum recorded $3,791.13 (approximately 5,268,121 won), down -0.97% from the previous day.

Cryptocurrency price data

Cryptocurrency price data / TokenPost Market

Top Altcoin Price Changes

Top altcoins are mostly showing a downward trend and unable to avoid weakness.

  • XRP -1.90%
  • BNB -0.75%
  • Solana -1.57%
  • Dogecoin -4.74%
  • Cardano -4.24%
  • TRON +0.38%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization recorded $3,881.9 billion (approximately 5,394 trillion won).

The total trading volume over 24 hours was approximately $17.76 billion (approximately 246.7925 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share increased to 60.54%, up +0.27% from the previous day.

Ethereum's market share slightly decreased to 11.79%, down -0.01% from the previous day.

DeFi and Stablecoin Market Trends

The DeFi market showed a mild upward trend and recovery.

  • DeFi Market Capitalization: $11.495 billion
  • DeFi Trading Volume (24 hours): $44.160 billion
  • 24-hour Change Rate: +13.40% increase

In contrast, the stablecoin market saw a decrease in trading volume as investment demand declined.

  • Stablecoin Market Capitalization: $247.162 billion (approximately 343.4538 trillion won)
  • Stablecoin Trading Volume (24 hours): $169.964 billion (approximately 236.1813 trillion won)
  • 24-hour Change Rate: -32.00% decrease

Derivatives Market (Futures & Options) Trading Volume Trends

Cryptocurrency derivatives trading volume recorded $1,789.1 billion (approximately 2,486 trillion won), showing a +36.78% increase from the previous day. This may be related to increased hedging demand due to expanded volatility.

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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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