[Morning Stock Briefing] Cryptocurrency Market Downtrend… Bitcoin $107,000, Ethereum $2,633

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The cryptocurrency market is showing an overall downward trend. According to TokenPost Market, Bitcoin is currently trading at $107,272.72 (approximately 147,456,009 won), down -2.09% from the previous day.

Ethereum recorded a price of $2,633.50 (approximately 3,619,985 won), down -1.53% from the previous day.

Cryptocurrency Price Data

Cryptocurrency Price Data / TokenPost Market

Top Altcoin Price Changes

Most top-tier altcoins showed a downward trend.

  • XRP -3.39%
  • BNB -0.21%
  • Solana -4.19%
  • Dogecoin -3.92%
  • Cardano -3.41%
  • TRON -0.74%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization recorded $3.3886 trillion (approximately 4,657.9509 trillion won). The total cryptocurrency trading volume over the past 24 hours was counted at $11.7587 billion (approximately 161.8688 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share is 62.91%, decreasing 0.0173% from the previous day. Ethereum is 9.38%, increasing 0.0502% from the previous day.

While Bitcoin's market share slightly decreased, Ethereum's market share increased, suggesting that some funds are moving to other digital assets.

DeFi and Stablecoin Market Trends

The DeFi market showed a somewhat downward trend. Market capitalization is $96.2 billion, with a 24-hour trading volume of $40.3 billion, indicating a -1.81% decline.

The stablecoin market also showed a contracted appearance. Market capitalization is $230.7 billion (approximately 317.1768 trillion won), with a 24-hour trading volume of $111.8 billion (approximately 153.8018 trillion won), down -9.39%.

Derivatives Market (Futures and Options) Trading Volume Changes

The cryptocurrency derivatives market also saw a decrease in trading volume.

  • Derivatives trading volume (24 hours): $1.0759 trillion (approximately 1,478 trillion won)
  • Change from previous day: Decreased -16.21%

This is interpreted as an indicator reflecting the overall contraction of investment sentiment due to the recent market downturn.

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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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