[Morning Stock Briefing] Cryptocurrency Market Weak… Bitcoin $104,933, Ethereum $2,508

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The cryptocurrency market is showing a weak trend. According to TokenPost Market, as of June 2024, Bitcoin is trading at $104,933 (approximately 143.31 million won), down 0.48% from the previous day.

Ethereum recorded $2,508 (approximately 3,426,616 won), down 1.40% from the previous day.

Cryptocurrency Price Data

Cryptocurrency Price Data / TokenPost Market

Top Altcoin Price Changes

Most top-tier altcoins are showing a downward trend.

  • XRP -0.72%
  • BNB -1.80%
  • Solana -2.98%
  • Dogecoin -0.79%
  • Cardano -3.00%
  • TRON -0.19%

Market Capitalization and Trading Volume Trends

The cryptocurrency market capitalization recorded approximately $3.26 trillion (approximately 4,446.6 trillion won).

The cryptocurrency trading volume in the past 24 hours was counted at $8.379 billion (approximately 114 trillion 439.2 billion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share increased by 0.17% to 64.06%,

while Ethereum's share decreased by 0.06% to 9.30%.

DeFi and Stablecoin Market Trends

The DeFi market is showing some weakness.

  • DeFi Market Capitalization: $8.8057 billion
  • DeFi Trading Volume (24 hours): $30.186 billion
  • 24-hour Change Rate: -27.17%

The stablecoin market is also contracting.

  • Stablecoin Market Capitalization: $234.643 billion (approximately 320.5 trillion won)
  • Stablecoin Trading Volume (24 hours): $78.947 billion (approximately 107.82 trillion won)
  • 24-hour Change Rate: -51.45%

Derivatives Market (Futures and Options) Trading Volume Changes

The derivatives market has also seen a significant decrease in trading volume.

  • Derivatives Trading Volume (24 hours): $73.9256 billion (approximately 1,009.6 trillion won)
  • Change from Previous Day: -54.47%

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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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