[Morning Stock Briefing] Cryptocurrency Market Mixed... Bitcoin $94,528, Ethereum $1,787

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The cryptocurrency market continues to show mixed trends. According to TokenPost Market, as of the morning of June 28, 2024, Bitcoin (BTC) is trading at $94,528.65 (approximately 135.82 million won), up +0.29% from the previous day.

In contrast, Ethereum (ETH) recorded $1,787.89 (approximately 2.57 million won), down -0.73% from the previous day.

Cryptocurrency Price Data

Cryptocurrency Price Data / TokenPost Market

Top Altcoin Price Changes

Top altcoins are also showing mixed trends. XRP and TRON saw slight increases, while most others declined.

  • XRP +0.53%
  • BNB -0.17%
  • Solana -1.13%
  • Dogecoin -1.83%
  • Cardano -1.96%
  • TRON +0.55%

Market Size and Trading Volume Trends

The total cryptocurrency market capitalization recorded $2.961 trillion (approximately 4,254 trillion won).

The total cryptocurrency trading volume over the past 24 hours was compiled at $91.9 billion (approximately 132 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share is 63.38%, increasing +0.08% from the previous day. In contrast, Ethereum's market share is 7.29%, decreasing -0.07%, indicating a relative decline compared to Bitcoin.

DeFi and Stablecoin Market Trends

The DeFi market recorded a somewhat upward trend. The market capitalization is $6.575 billion, and the 24-hour trading volume is approximately $6.65 billion, increasing +22.36%.

  • DeFi Market Capitalization: $65.756 billion
  • DeFi Trading Volume (24 hours): $6.65 billion
  • 24-hour Change Rate: +22.36%

The stablecoin market also showed expansion. The market capitalization is approximately $222.9 billion, and the 24-hour trading volume is $86 billion, increasing +57.31%.

  • Stablecoin Market Capitalization: $222.925 billion (approximately 320 trillion won)
  • Stablecoin Trading Volume (24 hours): $86.020 billion (approximately 123 trillion won)
  • 24-hour Change Rate: +57.31%

Derivatives Market (Futures and Options) Trading Volume Changes

The cryptocurrency derivatives market also showed active movement.

  • Derivatives Trading Volume (24 hours): $1.2498 trillion (approximately 1,795 trillion won)
  • Change from Previous Day: +50.33%

This suggests market liquidity enhancement and traders responding to short-term price fluctuations.

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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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