The global crypto market capitalisation gained 2.29 percent to USD1.29 trillion on May 25, with major cryptocurrencies trading in the green. The total crypto market volume, on the other hand, fell 14.56 percent in the last 24 hours to USD71.64 billion.
The overall volume in DeFi was USD7.98 billion, accounting for 11.14 percent of the total 24-hour volume in the crypto market. The overall volume of all stable coins was USD62.83 billion, accounting for 87.71 percent of the total 24-hour volume of the crypto market.
Bitcoin reached a high of Rs 24 lakh. According to data from CoinMarketCap, the world's largest cryptocurrency increased its market dominance by 0.25 percent to 44.46 percent in the last day.
The Reserve Bank of India (RBI) has been warning investors and the government about cryptocurrencies and has maintained its stance, particularly in light of the current crypto market fall, according to governor Shaktikanta Das.
According to reports, the European Central Bank (ECB) stated that if the emerging sector maintains its rapid expansion over the last two years and financial firms extend their involvement, cryptos will pose a risk to financial stability.