Top Cryptocurrency Prices Today: The global crypto market cap fell 0.67 percent to USD901.59 billion in the first 24 hours of June 22, putting major cryptocurrencies in the negative. The overall crypto market volume, on the other hand, fell 2.34 percent to USD70.50 billion over the same time period.
DeFi's overall volume was USD6.54 billion, accounting for 9.28% of the whole crypto market's 24-hour volume. The total volume of all stable coins was USD60.96 billion, accounting for 86.47 percent of the 24-hour volume of the crypto market.
Bitcoin was hovering around Rs 16.80 lakh, with a 43.35 percent market share. According to CoinMarketCap data, this represents a 0.10 percent fall from the previous day.
Meanwhile, markets are bracing for a future of higher interest rates, owing to the Federal Reserve's actions in the United States. Higher rates can lower inflation, but they also risk weakening the economy, which could lead to a recession.
They also have a negative impact on stock, cryptocurrency, and other investment prices. The Federal Reserve raised its benchmark short-term interest rate by three times its average level last week, the largest increase since 1994. At its next meeting in July, it may consider another massive raise.