[Morning Stock Briefing] Cryptocurrency Market Rising… Bitcoin $109,472, Ethereum $2,563

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The cryptocurrency market is showing an overall upward trend. According to TokenPost Market, as of the morning of June 7, 2024, Bitcoin is trading at $109,472 (approximately 149.91 million won), up 1.66% from the previous day.

Ethereum recorded a price of $2,563 (approximately 3.51 million won), up 1.53% from the previous day.

Cryptocurrency price data

Cryptocurrency price data / TokenPost Market

Top Altcoin Price Changes

Top-tier altcoins also showed an overall upward trend.

  • XRP +0.36%
  • BNB +0.96%
  • Solana +1.89%
  • Dogecoin +2.99%
  • Cardano +1.44%
  • TRON +0.99%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization reached approximately $3.4327 trillion (about 4,700 trillion won),

and the trading volume over the past 24 hours was recorded at $106.4 billion (about 1,458 trillion won). This indicates a significant increase in trading compared to the previous day.

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share increased to 63.41%, up 0.14% from the previous day,

and Ethereum's market share slightly increased to 9.02%, up 0.01%.

The expansion of market share for these two coins suggests continued investor interest.

DeFi and Stablecoin Market Trends

The DeFi market showed a somewhat upward movement.

  • DeFi market capitalization: $96.7 billion
  • DeFi trading volume (24 hours): $36.1 billion
  • 24-hour change rate: +1.81% increase

Despite its low volatility, the stablecoin market showed an expansion in trading volume.

  • Stablecoin market capitalization: $230.8 billion (about 316 trillion won)
  • 24-hour trading volume: $101.2 billion (about 138 trillion won)
  • 24-hour change rate: +5.51% increase

Derivatives Market (Futures & Options) Trading Volume Changes

The derivatives market also showed active movement.

  • Derivatives trading volume (24 hours): $1.0628 trillion (about 1,455 trillion won)
  • Change from previous day: +5.90% increase

This indicates that traders are actively responding to short-term price 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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