[Afternoon Market Briefing] Cryptocurrency Markets in Confusion... Bitcoin at $110,000, Ethereum at $3,600

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The cryptocurrency market shows a mixed trend as of August 5th afternoon (KST). According to TokenPost Market, Bitcoin is currently trading at $114,720.36 (approximately 159.19 million won), down 0.057% from the previous day.

Ethereum recorded $3,679.93 (approximately 5.1 million won), up 3.08% from the previous day.

Cryptocurrency Price Data

Cryptocurrency Price Data / TokenPost Market

Top Altcoin Price Trends

Most top-tier altcoins are showing an upward trend.

  • XRP +1.50%
  • BNB +1.33%
  • Solana +3.04%
  • Dogecoin +3.09%
  • Cardano +1.95%
  • TRON +2.22%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization is recorded at $3.7609 trillion (approximately 5,218 trillion won), with a 24-hour total trading volume of $133.3 billion (approximately 185 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share is 60.70%, down 0.46% from the previous day. In contrast, Ethereum's market share increased by 0.27% to 11.81%.

DeFi and Stablecoin Market Trends

  • DeFi Market Capitalization: $104.5 billion
  • DeFi Trading Volume (24 hours): $35.3 billion
  • 24-hour Change Rate: +9.21%
  • Stablecoin Market Capitalization: $249.9 billion (approximately 346.8 trillion won)
  • Stablecoin Trading Volume (24 hours): $129.5 billion (approximately 179 trillion won)
  • 24-hour Change Rate: +24.51%

The stablecoin market's performance suggests a trend of investors moving towards safe assets.

Derivatives Market Trends

  • Derivatives Trading Volume (24 hours): $1.0149 trillion (approximately 1,594 trillion won)
  • Change from Previous Day: +33.48%

The sharp increase in derivatives market trading volume shows that traders are participating more actively in the 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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