Major cryptocurrencies saw gains on July 1, as the market capitalization of all cryptocurrencies increased by 0.52 percent to USD896.88 billion over the previous day. During that time, the overall volume of the crypto market climbed by 15.65% to USD72.37 billion.

DeFi's 24-hour volume was USD7.12 billion, or 9.84 percent of the overall volume of the cryptocurrency market. All stable coin volume was USD64.79 billion, or 89.53 percent of the 24-hour volume of the cryptocurrency market.

With a 42.97% market share, Bitcoin was circling around Rs 16 lakh. According to data from CoinMarketCap, this was an increase of 0.07 percent from the previous day.

In related news, Khaby Lame, the creator with the most followers on TikTok, has been appointed as the company's worldwide brand ambassador by cryptocurrency exchange Binance. Khaby Lame has joined Binance to help dispel misconceptions about cryptocurrencies and Web 3, which is being hailed as the next generation of the internet. Binance is the largest cryptocurrency exchange in terms of trading volume.

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