[Morning Market Report] Cryptocurrency market declines Bitcoin $93,079, Ethereum $3,218

Source: TokenPost Original Title: [Morning Price Briefing] Cryptocurrency Market Decline… Bitcoin $93,079, Ethereum $3,218 Original Link: https://www.tokenpost.kr/news/briefing/324827

Market Overview

On January 20th, the cryptocurrency market showed a broad decline. According to market data, as of 5:01 AM KST on January 20th, Bitcoin decreased by 2.37% from the previous day, priced at $93,079.10 (approximately 137 million KRW); Ethereum fell by 3.79%, priced at $3,218.05 (about 4.74 million KRW).

Mainstream Altcoin Performance

Mainstream altcoins generally declined:

• XRP -1.95%
• BNB -2.44%
• Solana -5.49%
• Dogecoin -5.28%
• Cardano -5.53%
• TRON -3.05%

Market Size and Trading Volume

• Total Cryptocurrency Market Cap: approximately $3.15 trillion (about 4,638 trillion KRW)
• 24-hour Trading Volume: $122.3 billion (about 180 quadrillion KRW)

Changes in Bitcoin and Ethereum Market Dominance

• Bitcoin Market Share: 59.07%, up 0.12% from the previous day
• Ethereum Market Share: 12.34%, down 0.16% from the previous day

This indicates a clear trend of funds flowing into Bitcoin recently.

DeFi and Stablecoin Market Trends

DeFi Market Performance:

• Market Cap: $72.67 billion
• 24-hour Trading Volume: $14.90 billion
• 24-hour Increase: +59.35%

Stablecoin Market Continues to Expand:

• Market Cap: $288 billion (about 424 trillion KRW)
• 24-hour Trading Volume: $12.06 billion (about 177 trillion KRW)
• 24-hour Increase: +107.66%

Surge in Derivatives Market Trading Volume

Cryptocurrency derivatives (futures/options) trading volume surged:

• 24-hour Trading Volume: $99.83 billion (about 1,470 trillion KRW)
• MoM Increase: +88.78%

This reflects active participation of short-term traders in the derivatives market.

Market Interpretation

Bitcoin and major assets are showing short-term declines, indicating a market correction phase. However, active trading in derivatives and stablecoins suggests ongoing market demand. It is recommended to focus on short- to medium-term risk management and diversification strategies.