[Morning Market Briefing] Cryptocurrency Market Downtrend… Bitcoin $84,492, Ethereum $2,783

This article is machine translated
Show original

The cryptocurrency market is in a downtrend. According to TokenPost Market, as of 5:12 AM on December 19, Bitcoin is trading at $84,492.80 (approximately 124.7 million won), down 1.72% from the previous day.

Ethereum fell -1.12% from the previous day to $2,783.15 (approximately 4.1 million won).

Cryptocurrency price data
Cryptocurrency Price Data / TokenPost Market

Top altcoin price fluctuations

Most of the top altcoins showed a downward trend.

  • XRP -3.09%
  • BNB -2.42%
  • Solana -3.76%
  • Dogecoin -4.79%
  • Cardano -5.56%
  • Tron -0.22%
Market size and trading volume trends

The total cryptocurrency market capitalization was calculated to be $2.8508 trillion (approximately 4,208 trillion won), and the 24-hour trading volume was approximately $123.9 billion (approximately 182.9566 trillion won).

Bitcoin and Ethereum Market Share Changes

Bitcoin's market share increased by 0.07% from the previous day to 59.19%.

Ethereum showed a decrease of 0.07% from the previous day, down 11.78%.

DeFi and Stablecoin Market Trends

The DeFi market has a market capitalization of approximately $65 billion, with a 24-hour trading volume of approximately $15.3 billion. This represents a 5.89% decrease from the previous day.

In the stablecoin sector, the market capitalization reached $287.3 billion (approximately KRW 424 trillion), and the 24-hour trading volume was $120.1 billion (approximately KRW 177 trillion), a 10.51% decrease from the previous day.

Changes in trading volume in the derivatives market (futures and options)

The cryptocurrency derivatives (futures and options) market also continued to see active trading.

  • Derivatives Trading Volume (24 Hours): $1.3581 Trillion (approximately KRW 2,004 Trillion)
  • Change from the previous day: +4.36% Increase

Article Summary by TokenPost.ai

🔎 Market Interpretation

The cryptocurrency market is experiencing a somewhat bearish trend, with most stocks, including Bitcoin and Ethereum, showing declines.

💡 Strategy Points

As market uncertainty persists, a short-term conservative approach is recommended.

📘 Glossary

DeFi: Decentralized Finance, a Blockchain-Based Alternative to Traditional Financial Services

Stablecoin: A cryptocurrency pegged to fiat currency to minimize value volatility.

TokenPost AI Notes

This article was summarized using a TokenPost.ai-based language model. Key points in the text may be omitted or inaccurate.

Get real-time news... Go to TokenPost Telegram

Copyright © TokenPost. Unauthorized reproduction and redistribution prohibited.

Source
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.
Like
Add to Favorites
Comments