[Morning Market Briefing] Cryptocurrency Markets in Confusion... Bitcoin at $117,400, Ethereum at $4,431

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The cryptocurrency market shows a mixed trend as of 6 AM (KST) on August 16th. According to TokenPost Market, Bitcoin is trading at $117,407 (approximately 163.07 million won), which is a 0.51% decrease from the previous day.

Ethereum recorded a price of $4,431 (approximately 6.155 million won), a 2.02% decline from the previous day.

Cryptocurrency Price Data

Cryptocurrency Price Data / TokenPost Market

Major Altcoin Price Trends

Top-tier altcoins mostly declined.

  • XRP +0.33% ($3.08, approximately 4,282 won)
  • BNB -0.85% ($826.69, approximately 1.148 million won)
  • Solana -3.71% ($185.02, approximately 256,000 won)

Market Capitalization and Trading Volume

The total cryptocurrency market capitalization recorded $3.9587 trillion (approximately 5,498 trillion won).

The total 24-hour trading volume was counted at $19.7 billion (approximately 27.36 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share is 59.04%, increasing by 0.17% from the previous day. In contrast, Ethereum's market share decreased by 0.18% to 13.51%.

DeFi and Stablecoin Market Trends

The DeFi market showed a somewhat declining trend. Market capitalization was $114.9 billion, with a 24-hour trading volume of $42.5 billion, a 16.58% decrease.

The stablecoin market is as follows:

  • Market capitalization: $257.5 billion (approximately 357.7 trillion won)
  • 24-hour trading volume: $192.5 billion (approximately 267.4 trillion won, 31.47% decrease )

Derivatives Market Trends

The cryptocurrency derivatives (futures and options) market also showed a slowdown.

  • Derivatives trading volume (24 hours): $1.0758 trillion (approximately 2,441 trillion won)
  • Change from previous day: -31.71%

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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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