[Afternoon Market Briefing] Cryptocurrency Market Downtrend… Bitcoin $103,508, Ethereum $2,423

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The cryptocurrency market is showing a downward trend. According to TokenPost Market, as of June 2024, BTC is currently trading at $103,508 (approximately 142.13 million won), down 1.07% from the previous day.

ETH has also fallen by 3.76%, recording $2,423 (approximately 3.32 million won).

Cryptocurrency Price Data

Cryptocurrency Price Data / TokenPost Market

Top Altcoin Price Changes

Top altcoins are also mostly showing a downward trend.

  • XRP -1.67%
  • BNB -0.07%
  • Solana -4.00%
  • Dogecoin -3.75%
  • Cardano -2.64%
  • TRON -0.55%

Market Capitalization and Trading Volume Trends

  • Cryptocurrency Market Cap: $3.20 trillion (approximately 4,398 trillion won)
  • 24-hour Trading Volume: $115.3 billion (approximately 158 trillion won)

Bitcoin and Ethereum Market Share Changes

  • Bitcoin Market Share: 64.27% (increased by +0.24% from the previous day)
  • Ethereum Market Share: 9.14% (decreased by -0.22% from the previous day)

DeFi and Stablecoin Market Trends

  • DeFi Market Cap: $83.201 billion
  • DeFi Trading Volume (24 hours): $33.082 billion
  • 24-hour Change Rate: +10.98% increase
  • Stablecoin Market Cap: $234.378 billion (approximately 321 trillion won)
  • Stablecoin Trading Volume (24 hours): $110.257 billion (approximately 151 trillion won)
  • 24-hour Change Rate: +39.63% increase

Derivatives Market (Futures & Options) Trading Volume Trends

  • Derivatives Trading Volume (24 hours): $1.1886 trillion (approximately 1,632 trillion won)
  • Change Rate from Previous Day: +66.74% increase

While the overall market is showing a downward trend, trading volumes in DeFi, stablecoins, and derivatives sectors are increasing, maintaining market liquidity.

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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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