[Morning Price Briefing] Cryptocurrency Market Mixed... Bitcoin $103,572, Ethereum $2,422

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The cryptocurrency market is showing mixed trends. According to TokenPost Market, as of 6:00 PM on June 1st (Korean time), Bitcoin is trading at $103,572 (approximately 142.22 million won), down 0.72% from the previous day.

Ethereum recorded a 3.50% decline at $2,422 (approximately 3.32 million won).

Cryptocurrency Price Data

Cryptocurrency Price Data / TokenPost Market

Top Altcoin Price Changes

Most top altcoins are showing a downward trend.

  • XRP -1.51%
  • BNB +0.22%
  • Solana -3.19%
  • Dogecoin -3.61%
  • Cardano -3.02%
  • TRON +0.16%

Market Capitalization and Trading Volume Trends

The cryptocurrency market capitalization recorded approximately $3.21 trillion (about 4,402 trillion won). The total trading volume of the cryptocurrency market in the past 24 hours was counted at $114.2 billion (about 1,568 trillion won).

Bitcoin and Ethereum Market Share Changes

  • Bitcoin market share: 64.26% (+0.25% increase)
  • Ethereum market share: 9.13% (-0.22% decrease)

Bitcoin's market share has slightly increased, maintaining market dominance, while Ethereum's market share has decreased.

DeFi and Stablecoin Market Trends

  • DeFi market capitalization: $83.277 billion
  • DeFi trading volume (24 hours): $32.704 billion
  • 24-hour change rate: +9.63% increase
  • Stablecoin market capitalization: $234.355 billion (approximately 321.8 trillion won)
  • Stablecoin trading volume (24 hours): $109.206 billion (approximately 149.9 trillion won)
  • Change rate: +32.76% significant increase

As the stablecoin market expands, a preference for safe assets is becoming apparent.

Derivatives Market Trends

  • Derivatives trading volume (24 hours): $1.1836 trillion (approximately 1,625 trillion won)
  • Change rate compared to the previous day: +55.58% sharp increase

With a sharp increase in derivatives market trading volume, traders' market participation is becoming more active. This shows that expectations for short-term market movements have grown.

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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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