[Morning Market Briefing] Cryptocurrency Markets in Confusion... Bitcoin at $117,000, Ethereum at $3,874

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The cryptocurrency market shows a mixed trend on the morning of the 8th (Korean time). According to TokenPost Market, Bitcoin is currently trading at $117,273.55 (approximately 162.27 million won), up 1.85% from the previous day.

Ethereum recorded $3,874.75 (approximately 5.36 million won), up 5.26% from the previous day.

Cryptocurrency price data

Cryptocurrency price data / TokenPost Market

Top Altcoin Price Changes

Top altcoins mostly showed an upward trend.

  • XRP +3.74%
  • BNB +1.24%
  • Solana +2.87%
  • Dogecoin +6.16%
  • Cardano +3.83%
  • TRON +0.60%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization recorded $38.553 billion (approximately 5,334 trillion won).

The cryptocurrency market trading volume over the past 24 hours was counted at $15.39 billion (approximately 213 trillion won).

Bitcoin and Ethereum Market Share Changes

  • Bitcoin market share: 60.54% (down -0.37% from the previous day )
  • Ethereum market share: 12.13% (up +0.32% from the previous day )

While Bitcoin's market share slightly decreased, Ethereum's proportion expanded, indicating increased interest in the altcoin market.

DeFi and Stablecoin Market Trends

The DeFi market showed a somewhat upward trend.

  • DeFi market capitalization: $10.89 billion
  • DeFi trading volume (24 hours): $38.1 billion
  • 24-hour change rate: +8.21%

Stablecoin trading is on the rise.

  • Stablecoin market capitalization: $250.9 billion (approximately 347 trillion won)
  • Stablecoin trading volume (24 hours): $149.5 billion (approximately 206 trillion won)
  • 24-hour change rate: +18.40%

As market uncertainty grows, investors are moving funds to stablecoins.

Derivatives Market (Futures & Options) Trading Volume Changes

  • Derivatives trading volume (24 hours): $1.3405 trillion (approximately 1,855 trillion won)
  • Change from previous day: +16.17%

A trend was confirmed where traders are expanding their entry into the derivatives market to leverage short-term price volatility.

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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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