major cryptocurrencies experienced positive trading on July 5. Over the past day, the market capitalization of all cryptocurrencies increased by 5.22% to USD908.69 billion. On the other hand, over the past 24 hours, the total volume of the crypto market increased by 35.69% to USD55.35 billion.
DeFi's 24-hour volume was USD5.24 billion, or 9.47% of the entire volume of the cryptocurrency market. All stable coin volume was USD50.22 billion, or 90.73 percent of the 24-hour volume of the whole crypto market.
Bitcoin was trading for about Rs 16.25 lakh. Early today, the market share of the biggest cryptocurrency in the world increased to 42.39 percent, up 0.23 percent.
A controversial new transaction tax that Indian cryptocurrency exchanges warned would undermine trading is now proving to be true, with volumes plummeting since the charge went into force.
All cryptocurrency tokens on Tuesday were in the green, with the exception of the Unus Sed Leo and the dollar-pegged USD Coin. About 6% of Bitcoin increased, while 9% of Ethereum did. Shiba Inus also saw a 7% increase.
The market capitalization of all cryptocurrencies was up at USD909.69 billion, rising more than 6% in the previous day. However, the total volume of cryptocurrencies traded increased by about 38% to USD55.27 billion.