[Morning Stock Briefing] Cryptocurrency Market Downtrend… Bitcoin $99,647, Ethereum $2,193

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The cryptocurrency market is showing an overall downward trend as of the morning of June 28th (KST). According to TokenPost Market, Bitcoin is currently trading at $99,647 (approximately 136.83 million won), down 3.00% from the previous day.

Ethereum recorded $2,193 (approximately 3.01 million won), down 8.67% from the previous day, reflecting the overall market weakness.

Cryptocurrency price data

Cryptocurrency price data / TokenPost Market

Top Altcoin Price Changes

Most top-tier altcoins also showed a downward trend.

  • XRP -5.55%
  • BNB -3.58%
  • Solana -6.06%
  • Dogecoin -6.25%
  • Cardano -6.80%
  • TRON -4.83%

Market Capitalization and Trading Volume Trends

  • Cryptocurrency market capitalization: $3.0509 trillion (approximately 4,188 trillion won)
  • 24-hour trading volume: $151.7 billion (approximately 208 trillion won)

Bitcoin and Ethereum Market Share Changes

  • Bitcoin market share: 64.94% (increased by +0.52% from the previous day)
  • Ethereum market share: 8.68% (decreased by -0.46% from the previous day)

While Bitcoin's market dominance slightly increased, Ethereum showed relatively poor performance with a decrease in market share.

DeFi and Stablecoin Market Trends

  • DeFi market capitalization: $76.585 billion
  • DeFi trading volume (24 hours): $35.87 billion (increased by +20.77% from the previous day)
  • Stablecoin market capitalization: $234.221 billion (approximately 321 trillion won)
  • Stablecoin trading volume (24 hours): $145.893 billion (approximately 200 trillion won, increased by +93.42% from the previous day)

Derivatives Market (Futures & Options) Trading Volume Changes

  • Derivatives trading volume (24 hours): $1.626 trillion (approximately 2,232 trillion won)
  • Change from previous day: +123.19% increase

With a surge in derivatives trading volume, analysis suggests that traders are strengthening their short-term trading strategies.

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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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