[Afternoon Market Briefing] Cryptocurrency Market Rising… Bitcoin $106,000, Ethereum $2,453

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The cryptocurrency market is showing an overall upward trend. According to TokenPost Market, Bitcoin is currently trading at $106,554 (approximately 145 million won), up 1.63% from the previous day.

Ethereum recorded a price of $2,453 (approximately 3.39 million won), up 2.48% from the previous day.

Cryptocurrency price data

Cryptocurrency price data / TokenPost Market

Top Altcoin Price Changes

Top altcoins also showed overall strength.

  • XRP +2.30%
  • BNB +1.00%
  • Solana +2.37%
  • Dogecoin +2.51%
  • Cardano +1.49%
  • TRON +0.14%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization recorded $3.28 trillion (approximately 4,470 trillion won).

The cryptocurrency trading volume in the past 24 hours was counted at $114.8 billion (approximately 156.3 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share is 64.51%, decreasing by -0.03% from the previous day.

Ethereum's market share increased by +0.07% to 9.02%.

DeFi and Stablecoin Market Trends

The DeFi market showed some adjustment, with a market capitalization of $86.7 billion, trading volume of $34.2 billion, decreasing by -5.90% from the previous day.

  • DeFi market capitalization: $86.7 billion
  • DeFi trading volume (24 hours): $34.2 billion
  • 24-hour change rate: -5.90%

In contrast, the stablecoin market showed a tendency to reduce trading scale. The market capitalization was $235.4 billion (approximately 320.5 trillion won), and the trading volume was $111.2 billion (approximately 151.3 trillion won), decreasing by -22.00% from the previous day.

  • Stablecoin market capitalization: $235.4 billion
  • Stablecoin trading volume (24 hours): $111.2 billion
  • 24-hour change rate: -22.00%

Derivatives Market Trading Volume Trends

The cryptocurrency derivatives market also showed some contraction.

  • Derivatives trading volume (24 hours): $1.0432 trillion (approximately 1,420 trillion won)
  • Change from previous day: -31.55% decrease

This suggests the possibility of a temporary adjustment as derivatives trading anticipating short-term volatility has temporarily decreased amid market stabilization.

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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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