The cryptocurrency market is showing an overall downward trend.
According to TokenPost Market, Bitcoin is currently trading at $83,345.64, down -2.77% from the previous day.
Ethereum recorded a -4.88% decline, trading at $1,564.37.
Top Altcoin Price Changes
Most top-tier altcoins showed a downward trend.
- XRP -4.68%▼
- BNB -1.91%▼
- Solana -5.09%▼
- Dogecoin -4.50%▼
- Cardano -6.45%▼
- TRON +0.34%▲
Market Capitalization and Trading Volume Trends
Cryptocurrency market capitalization recorded $2.62 trillion.
The trading volume for the past 24 hours was compiled at $74.946 billion.
Bitcoin and Ethereum Market Share Changes
Bitcoin's market share is 63.07%, increasing by 0.14% from the previous day.
Ethereum is at 7.20%, decreasing by 0.14% from the previous day.
With Bitcoin's market share rising, the market leadership appears to be shifting back to Bitcoin.
DeFi and Stablecoin Market Trends
The DeFi market showed a slight increase.
- DeFi market capitalization: $55.529 billion
- DeFi trading volume (24 hours): $7.255 billion
- 24-hour change rate: +3.79%▲ increase
In contrast, the stablecoin market contracted.
- Stablecoin market capitalization: $218.891 billion
- Stablecoin trading volume (24 hours): $69.324 billion
- 24-hour change rate: -4.73%▼ decrease
While investors continue to show a strong risk-averse tendency, some liquidity is moving into the DeFi sector.
Derivatives (Futures and Options) Market Trading Volume Trends
The cryptocurrency derivatives market recorded a decline.
- Derivatives trading volume (24 hours): $1.085 trillion
- Change from previous day: -4.35%▼ decline
This is analyzed as a result of trading activities in derivatives being somewhat constrained due to the overall market downturn.
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