The total volume in DeFi stood at $6.54 billion, 9.28 percent of the total crypto market's 24-hour volume. The volume of all stable coins was $60.96 billion, 86.47 percent of the crypto market's 24-hour volume.
Bitcoin hovered around Rs 16.80 lakh, with a dominance of 43.35 percent. This was a 0.10 percent decrease over the day, data from CoinMarketCap shows.
Meanwhile, markets are bracing for a world of higher interest rates, led by moves from the US Federal Reserve. Higher rates can bring down inflation, but they also risk bringing on a recession by slowing the economy. They also tend to hurt prices of stocks, cryptocurrencies, and other investments. Last week, the Fed hiked its key short-term interest rate by triple the usual amount in its biggest increase since 1994. It could consider another such mega hike at its next meeting in July.
Bitcoin, which reached a record high of $69,000 in November, has lost more than half its value this year.
| NAME | PRICE (INR) | 24H % |
| Bitcoin | 16,80,965 | -1.36% |
| Ethereum | 91,000 | -2.00% |
| Tether | 82.74 | -0.12% |
| Cardano | 38.65 | -5.62% |
| Binance Coin | 17,798 | -1.17% |
| XRP | 26.62 | 0.48% |
| Polkadot | 621.31 | -4..85% |
| Dogecoin | 5.2387 | 6.28% |
Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
