[Afternoon Market Briefing] Cryptocurrency Market Downtrend… Bitcoin $107,768, Ethereum $2,529

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The cryptocurrency market is showing an overall weak trend. According to TokenPost Market, as of the morning of the 24th (KST), Bitcoin is trading at $107,768.36 (approximately 147.21 million won), down -1.49% from the previous day.

Ethereum recorded a -1.87% decline, trading at $2,529.16 (approximately 3.45 million won).

Cryptocurrency price data

Cryptocurrency price data / TokenPost Market

Top Altcoin Price Changes

Major altcoins are mostly showing a downward trend.

  • XRP -1.08%
  • BNB -0.59%
  • Solana -2.76%
  • Dogecoin -3.89%
  • Cardano -2.74%
  • TRON -0.38%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization recorded $3.3236 trillion (approximately 4,540 trillion won).

The total cryptocurrency trading volume over the past 24 hours was $10.16 billion (approximately 138.8141 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share increased by +0.03% to 64.49%.

Ethereum's market share slightly decreased by -0.03% to 9.19%.

DeFi and Stablecoin Market Trends

The DeFi market showed an overall downward trend.

  • DeFi market capitalization: $8.489 billion
  • DeFi trading volume (24 hours): $3.102 billion
  • 24-hour change rate: -0.35%

The stablecoin market is showing an increase in trading volume.

  • Stablecoin market capitalization: $237.948 billion (approximately 325 trillion won)
  • Stablecoin trading volume (24 hours): $9.6801 billion (approximately 132 trillion won)
  • 24-hour change rate: +18.80%

Derivatives Market Trends

Cryptocurrency derivatives (futures and options) trading volume recorded $950.798 billion (approximately 1,298 trillion won), an increase of +20.05% from the previous day.

  • Derivatives trading volume (24 hours): $950.798 billion
  • Change from previous day: +20.05%

This is interpreted as investors actively utilizing futures and options strategies due to expanded short-term volatility.

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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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