[Afternoon Market Briefing] Cryptocurrency Market Downtrend... Bitcoin $113,481, Ethereum $3,443

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The cryptocurrency market is showing a downward trend as of August 3rd afternoon (Korean time). According to TokenPost Market, Bitcoin is currently trading at $113,481.80 (approximately 157.62 million won), down -0.15% from the previous day.

Ethereum recorded a -2.22% decline, trading at $3,443.81 (approximately 4,783,558 won).

Cryptocurrency price data

Cryptocurrency price data / TokenPost Market

Top Altcoin Price Changes

The altcoin market is also experiencing downward pressure. Most top altcoins are showing weakness and undergoing correction.

  • XRP: -5.00% $2.82 (approximately 3,925 won)
  • BNB: -2.88% $743.69 (approximately 1,033,009 won)
  • Solana: -2.35% $160.62 (approximately 223,112 won)
  • Dogecoin: -2.89% $0.196 (approximately 272.32 won)
  • Cardano: -1.28% $0.713 (approximately 990.68 won)
  • TRON: -0.95% $0.323 (approximately 449.37 won)

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization recorded $3.6643 trillion (approximately 5,089 trillion won).

The 24-hour trading volume was counted at $138.6 billion (approximately 193 trillion won).

Bitcoin and Ethereum Market Share Changes

  • Bitcoin market share: 61.63% (up +0.47% from the previous day)
  • Ethereum market share: 11.34% (down -0.16% from the previous day)

DeFi and Stablecoin Market Trends

  • DeFi market capitalization: $98.3 billion
  • DeFi trading volume (24 hours): $35.3 billion (-14.68% )
  • Stablecoin market capitalization: $249.1 billion (approximately 346 trillion won)
  • Stablecoin trading volume (24 hours): $131.7 billion (approximately 183 trillion won, -29.19% )

Derivatives Market Trends

  • Derivatives trading volume (24 hours): $1.2472 trillion (approximately 1,732 trillion won)
  • Change from previous day: -35.27%

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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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