[Morning Stock Briefing] Cryptocurrency Market Downtrend… Bitcoin $77,185, Ethereum $1,481

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The cryptocurrency market is showing a downward trend.

According to TokenPost Market, Bitcoin is currently trading at $77,185 (approximately 114.77 million won), down -2.04% from the previous day.

Ethereum recorded $1,481 (approximately 2.2 million won), down -5.38% 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 -4.63%
  • BNB -0.12%
  • Solana -1.21%
  • Dogecoin -3.66%
  • Cardano -3.93%
  • TRON +1.69%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization recorded $24.462 billion (approximately 3,637 trillion won).

The total cryptocurrency trading volume over the past 24 hours was $10.96 billion (approximately 163 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share increased to 62.62%, up +0.13% from the previous day.

In contrast, Ethereum decreased to 7.31%, down -0.23% from the previous day.

The rise in Bitcoin's market share appears to reflect the market's risk-averse sentiment.

DeFi and Stablecoin Market Trends

The DeFi market is showing a somewhat contracted trend.

  • DeFi Market Capitalization: $56.9 billion
  • DeFi Trading Volume (24 hours): $8.3 billion
  • 24-hour Change Rate: -36.74%

The stablecoin market capitalization was recorded at $218.3 billion (approximately 324 trillion won).

  • Stablecoin Trading Volume (24 hours): $104 billion (approximately 154 trillion won)
  • 24-hour Change Rate: -49.89%

Derivatives Market Trading Volume Changes

The cryptocurrency derivatives market also showed a contracted trend.

  • Derivatives Trading Volume (24 hours): $1.003 trillion (approximately 1,940 trillion won)
  • Change from Previous Day: -43.14%

This decline is analyzed to be due to weakened investment sentiment and increased 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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