[Morning Stock Briefing] Cryptocurrency Market Mixed... Bitcoin $105,000, Ethereum $2,500

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The cryptocurrency market is showing mixed trends. According to TokenPost Market, as of June in Korean time, Bitcoin (BTC) is trading at $105,353.04 (approximately 146.39 million won), up 1.08% from the previous day.

Ethereum (ETH) recorded $2,518.50 (approximately 3.499 million won), showing the highest increase among major coins at 4.93%.

Cryptocurrency price data

Cryptocurrency price data / TokenPost Market

Top Altcoin Price Changes

Top altcoins showed mixed movements.

  • XRP +0.54%
  • BNB +1.25%
  • Solana -0.98%
  • Dogecoin +0.30%
  • Cardano +0.59%
  • TRON -0.24%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization recorded $3.3276 trillion (approximately 4,623.897 trillion won).

The total 24-hour trading volume was compiled at $14.618 billion (approximately 2,031.2436 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share decreased by 0.02% to 62.93%, while Ethereum's share increased by 0.32 percentage points to 9.13%. This indicates renewed interest in smart contracts and the ETH ecosystem centered around Ethereum.

DeFi and Stablecoin Market Trends

The DeFi market showed a slight upward trend, with a market cap of $82.5 billion and trading volume of $35 billion, increasing by 2.08% in 24 hours.

  • DeFi Market Capitalization: $82.517 billion
  • DeFi Trading Volume (24 hours): $35.079 billion
  • 24-hour Change Rate: +2.08%

Meanwhile, the stablecoin market showed a somewhat contracted pattern.

  • Stablecoin Market Capitalization: $228.094 billion (approximately 316.9604 trillion won)
  • 24-hour Trading Volume: $137.852 billion (approximately 191.5502 trillion won)
  • 24-hour Change Rate: -31.50% decrease

Derivatives Market (Futures and Options) Trading Volume Increase

Cryptocurrency derivatives (futures and options) trading volume was compiled at $1.6039 trillion (approximately 2,228.7105 trillion won), an increase of 31.47% from the previous day.

  • Derivatives Trading Volume (24 hours): $1.6039 trillion
  • Day-on-Day Change Rate: +31.47% increase

This suggests active use of derivatives by traders to respond to the market's short-term volatility expansion.

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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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