[Morning Market Briefing] Cryptocurrency Markets in Confusion... Bitcoin at $118,000, Ethereum at $4,252

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The cryptocurrency market shows a mixed trend on the morning of the 12th. According to TokenPost Market, major cryptocurrencies are currently showing individual and divergent movements.

Bitcoin (BTC) is trading at $118,865.26 (approximately 165.32 million won), up +0.59% from the previous day.

Ethereum (ETH) recorded $4,252.06 (approximately 5.91 million won), up +1.42%.

Cryptocurrency price data

Cryptocurrency price data / TokenPost Market

Top Altcoin Price Changes

Top altcoins are mostly declining.

  • XRP -0.52%
  • BNB +0.84%
  • Solana -3.13%
  • Dogecoin -2.48%
  • Cardano -1.98%
  • TRON +1.79%

Market Capitalization and Trading Volume Trends

The market capitalization of altcoins is $1.591 trillion (approximately 2,212.955 trillion won), with a 24-hour trading volume of $123.6 billion (approximately 1,720.2139 trillion won).

The total cryptocurrency market capitalization recorded $39.568 billion (approximately 5,503 trillion won), with a 24-hour cumulative trading volume reaching $214.6 billion (approximately 2,984 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share is 59.79%, increasing +0.19% from the previous day, while Ethereum rose to 12.97%, up +0.15%.

DeFi and Stablecoin Market Trends

The DeFi market showed a somewhat upward trend. Market capitalization was $116.2 billion, with a 24-hour trading volume of $45.6 billion, increasing by 2.43% in 24 hours.

The stablecoin market capitalization was $252.8 billion (approximately 351 trillion won), with a 24-hour trading volume of $207.6 billion (approximately 288 trillion won), each increasing by 33.79%. This suggests that funds are moving towards stable assets amid market uncertainty.

Derivatives Market Trading Volume Trends

The derivatives market also showed active trading. The 24-hour derivatives trading volume was $1.8918 trillion (approximately 2,631 trillion won), increasing 36.03% from the previous day.

This shows that traders are responding to the market using futures and options products in a volatile 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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