[Morning Stock Briefing] Cryptocurrency Market Downtrend… Bitcoin $104,000, Ethereum $2,510

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The cryptocurrency market is showing an overall downward trend.

According to TokenPost Market, as of the morning of June 4th, Bitcoin (BTC) is trading at $104,328 (approximately 143,790,000 won), down -0.44% from the previous day.

Ethereum (ETH) recorded $2,510 (approximately 3,450,000 won), down -0.83% from the previous day.

Cryptocurrency price data

Cryptocurrency price data / TokenPost Market

Top Altcoin Price Changes

Top altcoins are also mostly showing a downward trend.

  • XRP -0.29%
  • BNB -0.23%
  • Solana -1.33%
  • Dogecoin -0.55%
  • Cardano -0.99%
  • TRON +0.45%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization recorded $3,240.4 billion (approximately 4,466 trillion won).

The total 24-hour cryptocurrency market trading volume was counted at $8,509.77 million (approximately 117.2909 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share is 64.00%, increasing +0.04%p from the previous day.

In contrast, Ethereum's market share decreased -0.03%p to 9.35%.

DeFi and Stablecoin Market Trends

The DeFi market showed a somewhat contracted appearance.

  • DeFi market capitalization: $85.499 billion
  • DeFi trading volume (24 hours): $29.839 billion
  • 24-hour change rate: -5.10%

Stablecoins also showed weakness.

  • Stablecoin market capitalization: $234.245 billion (approximately 322.8579 trillion won)
  • Stablecoin trading volume (24 hours): $82.363 billion (approximately 113.5204 trillion won)
  • 24-hour change rate: -23.69%

Derivatives Market (Futures & Options) Trading Volume Changes

  • Derivatives trading volume (24 hours): $760.787 billion (approximately 1,048 trillion won)
  • Change from previous day: -32.26%

Along with the overall market downturn, trading volume in the derivatives market has also significantly decreased.

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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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