[Afternoon Price Briefing] Cryptocurrency Market Mixed... Bitcoin $96,560, Ethereum $1,835

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The cryptocurrency market is showing mixed trends. According to TokenPost Market, as of the morning of June 5, 2024, Bitcoin is trading at $96,559.91 (approximately 135.16 million won), down 0.43% from the previous day.

Ethereum also recorded a decline of 0.70%, trading at $1,834.71 (approximately 2.56 million won).

Cryptocurrency Price Data

Cryptocurrency Price Data / TokenPost Market

Top Altcoin Price Changes

Most top-tier altcoins are showing a downward trend.

  • XRP -0.50%
  • BNB -0.50%
  • Solana -1.31%
  • Dogecoin -1.37%
  • Cardano -3.00%
  • TRON +1.65%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization recorded $3.007 trillion (approximately 4,209 trillion won). The total cryptocurrency trading volume over the past 24 hours was compiled at $69 billion (approximately 966 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share increased by 0.02% from the previous day to 63.77%, while Ethereum's share decreased by 0.015% to 7.37%.

DeFi and Stablecoin Market Trends

The DeFi market is showing a downward trend.

  • DeFi Market Capitalization: $64.816 billion
  • 24-hour Trading Volume: $4.491 billion
  • 24-hour Change Rate: -17.82%

The stablecoin market also detected a decrease in trading volume.

  • Stablecoin Market Capitalization: $226.495 billion (approximately 317 trillion won)
  • 24-hour Trading Volume: $64.054 billion (approximately 896 trillion won)
  • 24-hour Change Rate: -17.59%

Derivatives Market Trading Volume Changes

  • Derivatives Trading Volume (24 hours): Approximately $97.94 billion (approximately 1,371 trillion won)
  • Change from Previous Day: -12.16%

Overall, the cryptocurrency market showed mixed trends in terms of price, market capitalization, and trading volume, with some altcoins showing an upward trend, but the general atmosphere leaned towards weakness.

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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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