[Evening Market Briefing] Cryptocurrency Market Downtrend... Bitcoin at $115,397, Ethereum at $4,255

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The cryptocurrency market is showing a downward trend as of August 18th afternoon (KST). According to TokenPost Market, Bitcoin (BTC) is currently trading at $115,397 (approximately 159.83 million won), down 2.23% from the previous day.

Ethereum (ETH) recorded $4,255 (approximately 5.89 million won), down 4.59% from the previous day.

Cryptocurrency price data

Cryptocurrency price data / TokenPost Market

Major Altcoin Price Changes

Most top-tier altcoins continue to show a downward trend.

  • XRP -4.62%
  • BNB -2.40%
  • Solana -5.52%
  • Dogecoin -4.44%
  • Cardano -2.70%
  • TRON -1.11%

Market Capitalization and Trading Volume Trends

The total cryptocurrency market capitalization recorded $3.8848 trillion (approximately 5,380 trillion won).

The 24-hour cryptocurrency trading volume was tallied at $163.6 billion (approximately 226.6 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share is 59.09%, increasing 0.31% from the previous day.

Ethereum's market share is 13.22%, showing a 0.25% decrease from the previous day.

DeFi and Stablecoin Market Trends

The DeFi market recorded a somewhat upward trend.

  • DeFi market capitalization: $113.7 billion
  • 24-hour trading volume: $40.1 billion
  • 24-hour change rate: +11.03% increase

The stablecoin market is as follows:

  • Stablecoin market capitalization: $258.8 billion (approximately 358.5 trillion won)
  • 24-hour trading volume: $156.5 billion (approximately 216.9 trillion won)
  • 24-hour change rate: +36.09% increase

With increasing market uncertainty, investors are interpreted to be moving assets to stablecoins.

Derivatives Market (Futures & Options) Trading Volume Trends

  • Derivatives trading volume (24 hours): $1.038 trillion (approximately 1,912 trillion won)
  • Change from previous day: +49.02% increase

The active movement in the derivatives market shows that investors are strengthening their short-term strategic responses.

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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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