[Morning Market Briefing] Cryptocurrency Market Mixed... Bitcoin $88,235, Ethereum $2,990

Source: TokenPost Original Title: [Morning Price Briefing] Cryptocurrency Market Mixed… Bitcoin $88,235, Ethereum $2,990 Original Link:

Market Overview

On the morning of the 2nd, the cryptocurrency market is showing mixed trends. Bitcoin and Ethereum are experiencing slight increases, leading to an overall optimistic atmosphere.

As of ( 5:01 AM, Bitcoin is trading at $88,235) approximately 127,400,000 KRW(, up 0.91% from the previous day. Ethereum also increased by 0.74%, reaching $2,990) approximately 4,310,000 KRW(.

Top Altcoin Price Movements

The movements of top-tier altcoins have been mixed.

• XRP +2.37%▲
• BNB -0.33%▼
• Solana +0.91%▲
• Dogecoin +7.13%▲
• Cardano +7.36%▲
• Tron +0.79%▲

Market Size and Trading Volume Trends

The total market capitalization of cryptocurrencies is approximately $2.99 trillion) about 4,317 trillion KRW(. The total trading volume over the past 24 hours was 63.627 billion dollars) about 91.8747 trillion KRW(.

Bitcoin and Ethereum Market Share Changes

Bitcoin’s market share is 58.93%, a decrease of 0.07% from the previous day. Ethereum’s market share is also 12.07%, down slightly by 0.03% compared to the previous day.

DeFi and Stablecoin Market Trends

DeFi Market

• Market Cap: $71.117 billion
• 24h Trading Volume: $10.699 billion
• 24h Change: -9.09%▼

Stablecoin Market

• Market Cap: $286.004 billion) approximately 412.9778 trillion KRW(
• 24h Trading Volume: $62.286 billion) approximately 89.9376 trillion KRW(
• 24h Change: -25.48%▼

Derivatives Market)Futures and Options( Trading Volume Changes

The cryptocurrency derivatives market has shown signs of slowdown.

• 24h Derivatives Trading Volume: $570.766 billion) approximately 824.1618 trillion KRW(
• Change from previous day: -27.08%▼

Market Analysis

With Bitcoin and Ethereum rising, altcoins generally also showed strength, creating a positive market sentiment. However, the decline in DeFi and derivatives trading volumes reflects cautious movements among market participants regarding short-term volatility.

Strategic Points

The sharp rise of Dogecoin and Cardano could serve as momentum that attracts market attention, requiring short-term trading strategies. Conversely, the contraction of the DeFi market suggests a cautious approach from long-term investors.

Terminology

DeFi): Decentralized Finance. An ecosystem that provides financial services on blockchain without centralized institutions.

Stablecoin: A cryptocurrency designed to maintain a stable value by pegging to assets like fiat currencies to prevent high volatility.