[Evening Price Briefing] Cryptocurrency Market Rising… Bitcoin $96,996, Ethereum $1,840

avatar
TokenPost
05-07
This article is machine translated
Show original

The cryptocurrency market is showing an overall upward trend. According to TokenPost Market, as of June 5, 2024, Bitcoin is trading at $96,996.20 (approximately 135.14 million won), up +2.77% from the previous day.

Ethereum also recorded a price of $1,840.27 (approximately 2.56 million won), up +1.93%.

Cryptocurrency Price Data

Cryptocurrency Price Data / TokenPost Market

Top Altcoin Price Changes

Most top-tier altcoins also showed an upward trend.

  • XRP +2.02%▲
  • BNB +1.27%▲
  • Solana +1.39%▲
  • Dogecoin +2.35%▲
  • Cardano +3.17%▲
  • TRON -0.51%▼

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization was recorded at $2.998 trillion (approximately 4,177 trillion won).

The 24-hour trading volume is $82.8 billion (approximately 1,155 trillion won), indicating a significant increase in overall market liquidity compared to the previous day.

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share increased to 64.25%, up +0.36% from the previous day.

Ethereum's market share decreased to 7.40%, down -0.03% from the previous day.

The expansion of Bitcoin's market share suggests that investment funds are once again concentrating on BTC.

DeFi and Stablecoin Market Trends

  • DeFi Market Capitalization: $62 billion
  • DeFi Trading Volume (24 hours): $6.5 billion
  • 24-hour Change: +30.95%▲ increase
  • Stablecoin Market Capitalization: $226.2 billion (approximately 315 trillion won)
  • Stablecoin Trading Volume (24 hours): $78.4 billion (approximately 1,092 trillion won)
  • 24-hour Change: +31.36%▲ increase

The increase in stablecoin trading volume can be interpreted as investors expanding their proportion of stable assets.

Derivatives Market (Futures & Options) Volume Changes

  • Derivatives Trading Volume (24 hours): $1.2248 trillion (approximately 1,706 trillion won)
  • Change from Previous Day: +25.84%▲ increase

The significant increase in derivatives market trading volume indicates that traders are actively betting on the market's direction.

Get news in real-time...Go to TokenPost Telegram

<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>

Sector:
Centralized Exchange (CEX) Token
Smart Contracts
SEC Security Token
Source
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.
Like
Add to Favorites
Comments
Relevant content