[Morning Market Brief] Cryptocurrency market declines: Bitcoin $92,028, Ethereum $3,121

The cryptocurrency market is experiencing a broad downturn. Major altcoins such as Bitcoin and Ethereum have seen slight declines, with investors maintaining a wait-and-see stance.

Major Coin Prices

According to market data, Bitcoin is down 1.06%, trading at $92,028.86 (about 135.62 million KRW).

Ethereum is down 0.19%, trading at $3,121.95 (about 4.6 million KRW).

Leading Altcoin Price Changes

Most leading altcoins are trending downward:

• XRP -3.98%▼
• BNB -0.82%▼
• Solana -1.17%▼
• Dogecoin -1.68%▼
• Cardano -0.72%▼
• TRON +1.49%▲

Market Capitalization and Trading Volume Trends

• Total cryptocurrency market capitalization: $3.13 trillion (about 4,609 trillion KRW)
• 24-hour trading volume: $144.7 billion (about 213 trillion KRW)

Changes in Bitcoin and Ethereum Market Dominance

• Bitcoin market dominance: 58.73%, down 0.05% from the previous period
• Ethereum market dominance: 12.05%, up 0.10% from the previous period

DeFi and Stablecoin Market Trends

DeFi Market

• Market capitalization: $81.52 billion
• 24-hour trading volume: $13.57 billion
• 24-hour change: -9.65%▼

Stablecoin Market

• Market capitalization: $286.93 billion (about 422 trillion KRW)
• 24-hour trading volume: $125.07 billion (about 184 trillion KRW)
• 24-hour change: -6.78%▼

Derivatives Market (Futures & Options) Trading Volume Changes

The crypto derivatives market is also contracting:

• 24-hour trading volume: $1.28 trillion (about 1,881 trillion KRW)
• Week-over-week change: -8.63%▼

Market Analysis

The overall market decline indicates increased risk aversion among investors. Notably, major altcoins such as XRP and Solana have experienced relatively larger drops. The contraction of the DeFi and stablecoin markets is closely linked to a general decrease in liquidity.

Investment Advice

In the short term, adopting a conservative investment strategy focused on risk management may be more effective. At the same time, technical analysis of certain altcoins such as TRON, which are showing an upward trend, is recommended.

Glossary

• DeFi (Decentralized Finance): A decentralized financial system that provides financial services without intermediaries.
• Stablecoin: A cryptocurrency pegged to assets with relatively low price volatility, used as a means of exchange and a store of value.