The cryptocurrency market is showing mixed trends. According to TokenPost Market, as of 4 June 2024 morning (Korean time), Bitcoin is trading at $94,408.15 (approximately 129.84 million won), down -1.39% from the previous day.
Ethereum recorded a price of $1,810.86 (approximately 2.49 million won), down -1.37%.
Top Altcoin Price Changes
Major altcoins generally showed a downward trend.
- XRP -2.63%▼
- BNB +1.53%▲
- Solana -0.83%▼
- Dogecoin -1.68%▼
- Cardano -4.22%▼
- TRON +0.22%▲
Market Capitalization and Trading Volume Trends
The total cryptocurrency market capitalization recorded $2,935.8 billion (approximately 4,037 trillion won). The cryptocurrency trading volume in the past 24 hours was calculated at $69.1 billion (approximately 95 trillion won).
Bitcoin and Ethereum Market Share Changes
- Bitcoin market share: 63.83% (-0.11% decrease)
- Ethereum market share: 7.44% (-0.01% decrease)
With the market share of these two major assets decreasing simultaneously, there is a possibility that some investment funds may flow into mid-to-small-sized altcoins.
DeFi and Stablecoin Market Trends
- DeFi market capitalization: $61.418 billion
- DeFi 24-hour trading volume: $4.624 billion
- Trading volume change from previous day: -20.95%▼ decrease
- Stablecoin market capitalization: $226.854 billion (approximately 311.9966 trillion won)
- 24-hour trading volume: $65.578 billion (approximately 90.1901 trillion won)
- Trading volume change from previous day: +50.72%▲ increase
While DeFi trading volume has significantly decreased, the surge in stablecoin trading volume reflects market sentiment favoring safe assets.
Derivatives Market (Futures and Options) Trends
- Derivatives trading volume (24 hours): $1,194.2 billion (approximately 1,642 trillion won)
- Change from previous day: +48.11%▲ increase
Traders are actively utilizing derivatives to respond to short-term market volatility.
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