[Evening Price Briefing] Cryptocurrency Market Mixed... Bitcoin $108,811, Ethereum $2,565

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The cryptocurrency market is showing mixed trends. According to TokenPost Market, as of the current standard (Korean time, June 2024), Bitcoin is trading at $108,811.31 (approximately 148.89 million won), up +0.59% from the previous day.

Ethereum recorded $2,565.58 (approximately 3.51 million won), up +1.70% from the previous day.

Cryptocurrency Price Data

Cryptocurrency Price Data / TokenPost Market

Top Altcoin Price Changes

Most top-tier altcoins showed an upward trend.

  • XRP +1.19%
  • BNB +0.88%
  • Solana +2.04%
  • Dogecoin +5.20%
  • Cardano +1.38%
  • TRON +1.46%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization recorded $3.3575 trillion (approximately 4,594 trillion won).

The total trading volume over the past 24 hours was $89.3 billion (approximately 122 trillion won), maintaining relatively active market trading.

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share is 64.45%, decreasing 0.17%▼ from the previous day.

Ethereum is 9.22%, increasing +0.08% from the previous day.

While Bitcoin's market share slightly decreased, Ethereum's share slightly expanded, reflecting the altcoin strength trend.

DeFi and Stablecoin Market Trends

The DeFi market showed some activity. DeFi market capitalization is $86.9 billion, with a 24-hour trading volume of $31.4 billion, increasing +9.39%.

Stablecoin market capitalization is $237.9 billion (approximately 325 trillion won), with trading volume at $85 billion (approximately 116 trillion won), declining -41.48% over a day. This is interpreted as some funds moving out in terms of market stability.

Derivatives Market (Futures & Options) Trading Volume Changes

  • Derivatives trading volume (24 hours): $828.9 billion (approximately 1,134 trillion won)
  • Change from previous day: Increased +66.78%

The significant increase in derivatives trading volume suggests that investors' risk aversion or leveraged position expansion movements have become more active.

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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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