Most cryptocurrency traded flat early on July 9 as the global crypto market cap fell 1.69 percent to $952.57 billion in the previous day. The total crypto market volume, on the other hand, increased by 35.54 percent in the last 24 hours to $85.95 billion.
The total volume in DeFi was $5.83 billion, accounting for 6.78 percent of the total 24-hour volume in the crypto market. The total volume of stablecoins was $78.25 billion, accounting for 91.04 percent of the total crypto market 24-hour volume.
Bitcoin, the world’s largest cryptocurrency, was trading at Rs 17.35 lakh. According to CoinMarketCap data, its dominance in the crypto market fell by 0.10 percent to 43.20 percent in the last day.
Bitcoin and Ether have struggled since US-based lender Celsius Network announced this month that withdrawals would be suspended. The apparent insolvency of crypto hedge fund Three Arrows Capital, which a person familiar with the matter told Reuters had entered liquidation, shook the market even more.
Many of the industry’s recent issues can be traced back to the spectacular collapse of so-called stablecoin TerraUSD in May, which saw the stablecoin and its paired token lose almost all of their value.
These are the most prominent cryptocurrency exchange rates as of 8.30 a.m. on July 9.
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