The market worth of cryptocurrencies rises to $870.81 billion
The leading cryptocurrency in the world In the previous day, Bitcoin’s price was largely up.
All cryptocurrencies have a market valuation of $870.81 billion, up 0.77 percent from yesterday. Over the past 24 hours, the total volume of the cryptocurrency market was $38.59 billion, a decrease of 38.03 percent. DeFi’s total 24-hour volume is $4.06 billion, or 10.51 percent, of the cryptocurrency market’s overall 24-hour volume.
Currently, $35.65 billion, or 92.38 percent of the 24-hour volume of the whole crypto market, is being traded in stable coins. At the time of writing, one bitcoin costs $19,259.54. With a decrease of 0.20 percent from the day before, Bitcoin now has a 42.21 percent market share.
The three companies with the largest gains are Synthetix (17%), NEM (14%) and Polygon (5 percent ). KuCoin Token, which lost more than 10%, is the biggest loser.
Despite a dramatic decline at the time this piece was being written, the top cryptocurrency in the world, Bitcoin, has largely been in the green over the past 24 hours.
The fall in cryptocurrency markets accelerated last week as major players struggled with liquidations, withdrawal freezes, trade halts, and, in at least one case, a bailout. The market crash has resulted in a loss of almost $2 trillion in the value of the cryptocurrency market.
Voyager Digital, a cryptocurrency lender, revealed on July 1 that it has halted allowing users to make deposits, withdrawals, and trades on its platform and that it was looking into alternative protection measures. Shortly after sending Three Arrows Capital (3AC) a default notice for failing to make required loan payments, the company took this move.
Voyager Chief Executive Officer Stephen Ehrlich stated in a statement that the action preserves the platform’s value while giving the company “extra time to continue exploring strategic alternatives with other interested partners.”
In a press release, Voyager stated that it has retained Moelis & Company, the Consello Group, and Kirkland & Ellis LLP as financial and legal advisors, respectively, “to support its exploration of strategic alternatives.”
On June 22, Voyager and Alameda Ventures Ltd. inked a contract for a revolving line of credit, giving Voyager access to more money to meet its customers’ liquidity needs if cryptocurrency prices fall.