The global crypto market capitalisation gained 2.01 percent to USD1.26 trillion on June 3, with major cryptocurrencies trading in the green. Over the last 24 hours, total crypto market volume fell 28.45% to USD69.74 billion.

DeFi's overall volume was USD5.38 billion, accounting for 7.72 percent of the total crypto market's 24 hour volume. All stable coins had a combined volume of USD59.36 billion, accounting for 85.11 percent of the whole crypto market's 24 hour volume.

Bitcoin is currently trading at a price of more than Rs 24 lakh. According to data from CoinMarketCap, the world's largest cryptocurrency's market domination grew 0.21 percent to 46.22 percent in the last day.

Reserve Bank of India Deputy Governor T Rabi Sankar remarked on June 2 that the soon-to-be-introduced central bank digital currencies (CBDCs) can "destroy" whatever little argument there is for private virtual currencies like Bitcoin, ahead of the government issuing a consultation paper on cryptocurrencies. Sankar also went after 'stable coins,' which are currency-pegged coins.

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