The cryptocurrency market is showing an overall bearish trend on the afternoon of the 6th (Korean time).
According to TokenPost Market, Bitcoin is currently trading at $64,915.19 (approximately KRW 95,195,477), down 8.32% from the previous day. Ethereum also fell 8.50% to $1,905.91 (approximately KRW 2,794,950).
Top altcoin price fluctuations
Most of the top altcoins showed a downward trend.
- BNB -9.27% ▼
- XRP -8.32% ▼
- Solana -11.69% ▼
- Dogecoin -9.52% ▼
- Tron -4.00% ▼
Market size and trading volume trends
The total market capitalization of cryptocurrencies reached $2.2351 trillion (approximately 3,277 trillion won).
Trading volume over the past 24 hours was estimated at approximately $307.8 billion (approximately 4,513 trillion won). The significant increase in trading volume is notable due to growing market uncertainty.
Bitcoin and Ethereum Market Share Changes
Bitcoin's market share fell 0.53% from the previous day to 58.11%. Ethereum's share also fell 0.11% to 10.31%, slightly weakening the dominance of major cryptocurrencies.
DeFi and Stablecoin Market Trends
The DeFi market showed signs of decline and contraction.
- DeFi Market Cap: $56.095 Billion
- 24-hour trading volume: $29.572 billion
- 24-hour volatility: -64.04% ▼
Conversely, the stablecoin market has seen a slight increase in trading activity.
- Stablecoin Market Cap: $283.152 Billion (approximately KRW 415 Trillion)
- 24-hour trading volume: $302.864 billion (approximately 444 trillion won)
- 24-hour volatility: +60.20% ▲
Changes in trading volume in the derivatives market (futures and options)
The cryptocurrency derivatives market is responding to increased market volatility by exhibiting high trading volumes.
- Derivatives Trading Volume (24 hours): $2.0739 trillion (approximately KRW 4,017 trillion)
- Change from the previous day: +60.77% ▲
Article Summary by TokenPost.ai
🔎 Market Interpretation
The recent downtrend is attributed to increased risk aversion across the market, coupled with a strengthening sell-off centered on Bitcoin and Ethereum.
💡 Strategy Points
The increasing proportion of stablecoin transactions and the rise in derivatives trading volume reflect short-term market uncertainty. A defensive asset allocation strategy is required in this period of increased volatility.
📘 Glossary
DeFi: Decentralized finance, which provides financial services through blockchain without a central authority.
Stablecoin: A cryptocurrency pegged to fiat currency to minimize price volatility. Representative examples include USDT (Tether) and USDC.
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.
