[Evening Price Briefing] Cryptocurrency Market Strong… Bitcoin $108,865, Ethereum $2,631

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The cryptocurrency market continues to show strength. According to TokenPost Market, as of June 2024, Bitcoin is trading at $108,865.44 (approximately 149,647,159 won), up +0.52% from the previous day.

Ethereum recorded a rise of +2.84%, reaching $2,631.80 (approximately 3,617,684 won), expanding its upward momentum.

Cryptocurrency price data

Cryptocurrency price data / TokenPost Market

Top Altcoin Price Changes

Most major altcoins also showed an upward trend.

  • XRP +2.76%
  • BNB +0.55%
  • Solana +2.41%
  • Dogecoin +2.61%
  • Cardano +3.29%
  • TRON -0.14%

Market Size and Trading Volume Trends

The total cryptocurrency market capitalization was approximately $3.38 trillion (about 4,641 trillion won), and the total trading volume over the past 24 hours was recorded at $98.3 billion (about 135 trillion won).

Bitcoin and Ethereum Market Share Changes

  • Bitcoin market share: 64.13% (down -0.34% from the previous day)
  • Ethereum market share: 9.41% (up +0.16% from the previous day)

While Bitcoin's market share slightly decreased, Ethereum expanded its market proportion.

DeFi and Stablecoin Market Trends

  • DeFi market cap: $88.6 billion
  • DeFi trading volume (24 hours): $32.4 billion
  • 24-hour change: +3.93%
  • Stablecoin market cap: $237.8 billion (about 327 trillion won)
  • Stablecoin trading volume (24 hours): $95.2 billion (about 131 trillion won)
  • 24-hour change: -0.69%

The DeFi market showed expansion, while stablecoins slightly contracted.

Derivatives Market (Futures & Options) Trading Volume Changes

  • Derivatives trading volume (24 hours): $913.5 billion (about 1,256 trillion won)
  • Change from previous day: -3.66%

The derivatives market has entered a slight adjustment period with a decrease in trading volume over a day.

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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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