Cryptocurrency Market Slumps as Bitcoin and Ethereum Drop

The cryptocurrency market is showing a downward trend, with both Bitcoin and Ethereum declining over the past 24 hours. Bitcoin's market share expanded while Ethereum's slightly decreased, and derivative trading volume increased, indicating heightened short-term trading demand.

As of 11:59 AM KST on September 16, 2026, Bitcoin was trading at $75,815.66, a 2.64% drop from the previous day (approximately 131 million won). Ethereum fell 4.42% to $2,400.82 (about 326 million won). Top altcoins also showed weakness: XRP -9.52%, BNB -1.33%, Solana -4.76%, Tron -1.48%, Dogecoin -4.47%, and Hyperliquid -3.33%.

Total cryptocurrency market capitalization stood at $258.01 billion (approximately 3,509 trillion won), with a 24-hour trading volume of $101.98 billion (about 138.73 trillion won). Bitcoin's market dominance rose to 59.02% from 58.84%, while Ethereum's fell to 11.36% from 11.53%. The decentralized finance (DeFi) sector saw a 6.57% increase in market capitalization and trading volume, reaching $72.71 billion and $11.86 billion respectively. Stablecoin market capitalization totaled $283.58 billion, with a 24-hour trading volume of $104.98 billion, up 22.50%.

Derivative trading volume surged to $929.5 billion (about 126.45 trillion won), a 21.19% increase from the previous day, reflecting heightened market activity in response to short-term price volatility.