[Afternoon Market Briefing] Cryptocurrency Market Downtrend… Bitcoin $108,131, Ethereum $2,519

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The cryptocurrency market is showing an overall downward trend. According to TokenPost Market, Bitcoin is currently trading at $108,131.87 (approximately 147.33 million won), down -1.01% from the previous day.

Ethereum recorded $2,519.74 (approximately 3.43 million won), down -2.22% from the previous day.

Cryptocurrency Price Data

Cryptocurrency Price Data / TokenPost Market

Top Altcoin Price Changes

Top altcoins also mostly showed a downward trend.

  • XRP -0.94%
  • BNB -0.95%
  • Solana -2.11%
  • Dogecoin -4.43%
  • Cardano -3.27%
  • TRON -1.50%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization recorded $3.33 trillion (approximately 4,532.57 trillion won).

The total trading volume in 24 hours was compiled at $96.589 billion (approximately 131.607 trillion won).

Bitcoin and Ethereum Market Share Changes

  • Bitcoin market share: 64.63% (+0.15%)
  • Ethereum market share: 9.14% (-0.09%)

While Bitcoin's market share slightly increased, strengthening its dominance in the overall market, Ethereum showed a slight decrease in percentage.

DeFi and Stablecoin Market Trends

  • DeFi market capitalization: $84.91 billion
  • DeFi trading volume (24 hours): $32.02 billion
  • 24-hour change rate: -7.35% decrease
  • Stablecoin market capitalization: $237.999 billion (approximately 324.28 trillion won)
  • Stablecoin trading volume (24 hours): $94.095 billion (approximately 128.21 trillion won)
  • 24-hour change rate: -13.75% decrease

Derivatives Market (Futures and Options) Trends

  • Derivatives trading volume (24 hours): $920.175 billion (approximately 1,253.75 trillion won)
  • Change from previous day: -11.44% decrease

Both the derivatives market and stablecoin market showed a decline, indicating a somewhat constrained investment sentiment.

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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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