[Morning Market Briefing] Cryptocurrency Markets in Confusion... Bitcoin at $116,502, Ethereum at $3,736

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The cryptocurrency market shows a mixed trend on the morning of August 1st (Korean time). According to TokenPost Market, Bitcoin is trading at $116,502.40 (approximately 162.27 million won), down 0.59% from the previous day.

Ethereum is recording $3,736.77 (approximately 5,205,055 won), down 0.87% from the previous day.

Cryptocurrency Price Data

Cryptocurrency Price Data / TokenPost Market

Top Altcoin Price Changes

Most top-tier altcoins are showing a downward trend.

  • XRP -1.37%
  • BNB +1.08%
  • Solana -0.47%

Market Size and Trading Volume Trends

The altcoin market capitalization was recorded at $1.4923 trillion (approximately 2,078 trillion won), with a 24-hour trading volume of $91.2 billion (approximately 127 trillion won).

The total market capitalization of the cryptocurrency market is currently $3.8107 trillion (approximately 5,308 trillion won), with a 24-hour total trading volume of $157.4 billion (approximately 219 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share is 60.84%, increasing 0.05% from the previous day. In contrast, Ethereum showed a slight weakness at 11.84%, decreasing 0.03% from the previous day.

DeFi and Stablecoin Market Trends

The DeFi market showed a somewhat downward trend. Its market capitalization is $105.5 billion, with a 24-hour trading volume of $40.3 billion, each decreasing by 6.02%.

The stablecoin market's capitalization is $248.5 billion (approximately 346 trillion won), with a 24-hour trading volume of $154 billion (approximately 214 trillion won), showing a 6.08% decrease in trading volume compared to the previous day.

Derivatives (Futures/Options) Market Trends

The 24-hour trading volume of the cryptocurrency derivatives market is $1.4187 trillion (approximately 1,976 trillion won), showing weakness with a 18.28% decline from the previous day.

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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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