[Afternoon Market Briefing] Cryptocurrency Market Downtrend… Bitcoin $102,425, Ethereum $2,267

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The cryptocurrency market is showing an overall downward trend as of the morning of June 28th, with investors maintaining a wait-and-see attitude.

According to TokenPost Market, Bitcoin is currently trading at -1.05% compared to the previous day, at $102,425 (approximately 140.64 million won).

Ethereum recorded a -6.42% decline from the previous day, at $2,267 (approximately 3.114 million won).

Cryptocurrency Price Data

Cryptocurrency Price Data / TokenPost Market

Top Altcoin Price Changes

Most top-tier altcoins are recording a downward trend.

  • XRP -3.26%
  • BNB -2.12%
  • Solana -3.65%
  • Dogecoin -5.33%
  • Cardano -5.79%
  • TRON -0.61%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization is currently recording approximately $3.1386 trillion (about 4,309 trillion won), and the total market trading volume over the past 24 hours is recorded at $10.406 billion (approximately 142.9047 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share is 64.89%, increasing by +0.63% from the previous day.

In contrast, Ethereum's market share decreased by -0.41% to 8.72%, failing to maintain its market strength.

DeFi and Stablecoin Market Trends

The DeFi market is showing a somewhat contracted appearance,

  • DeFi Market Capitalization: $79.123 billion
  • DeFi Trading Volume (24 hours): $32.330 billion
  • 24-hour Change Rate: -2.28%

The stablecoin market is also continuing to show a decline in trading volume.

  • Stablecoin Market Capitalization: $234.314 billion (approximately 321.7521 trillion won)
  • 24-hour Trading Volume: $99.575 billion (approximately 136.7333 trillion won)
  • 24-hour Change Rate: -9.69%

This suggests that some funds are exiting the market due to recent price volatility.

Derivatives Market (Futures & Options) Trading Volume Changes

The cryptocurrency derivatives market also showed a -10.96% decrease in trading volume compared to the previous day.

  • Derivatives Trading Volume (24 hours): $1.058 trillion (approximately 1,453 trillion won)
  • Change from Previous Day: -10.96%

This is interpreted as investors' wait-and-see attitude affecting the derivatives market.

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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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