[Morning Stock Briefing] Cryptocurrency Market Downtrend… Bitcoin $83,130, Ethereum $1,578

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The cryptocurrency market is showing an overall downward trend.

According to TokenPost Market, Bitcoin is currently trading at $83,130.52 (approximately 118.14 million won), down 2.62% from the previous day.

Ethereum recorded $1,578.69 (approximately 2.24 million won), down 4.18% from the previous day.

Cryptocurrency Price Data

Cryptocurrency Price Data / TokenPost Market

Top Altcoin Price Changes

Top altcoins are also mostly declining.

  • XRP -2.29%
  • BNB -2.85%
  • Solana -5.07%

Market Capitalization and Trading Volume Trends

The altcoin market capitalization is $98.55 billion (approximately 1,400 trillion won), and the 24-hour trading volume is $46.31 billion (approximately 65.8172 trillion won).

The total cryptocurrency market capitalization recorded $2,637.337 billion (approximately 3,748 trillion won), and the total market trading volume in 24 hours was $74.197 billion (approximately 1,054 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share is 62.63%, increasing by 0.16% from the previous day,

Ethereum's share is 7.23%, decreasing by 0.09% from the previous day.

This shows a market trend of increasing relative superiority for Bitcoin.

DeFi and Stablecoin Market Trends

The DeFi market showed a somewhat downward trend.

  • DeFi Market Capitalization: $57.417 billion
  • DeFi Trading Volume (24 hours): $6.519 billion
  • 24-hour Change Rate: -8.99%

In contrast, stablecoin trading volume showed an increase.

  • Stablecoin Market Capitalization: $218.488 billion (approximately 310.5130 trillion won)
  • Stablecoin Trading Volume (24 hours): $68.425 billion (approximately 97.2459 trillion won)
  • 24-hour Change Rate: +3.43% increase

This can be interpreted as investors moving funds to stablecoins, which are relatively stable assets amid market uncertainty.

Derivatives Market (Futures and Options) Trading Volume Changes

The cryptocurrency derivatives market continues active trading.

  • Derivatives Trading Volume (24 hours): $1,014.9 billion (approximately 1,632 trillion won)
  • Change Rate from Previous Day: +4.35% increase

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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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