Cryptocurrency market cap reaches $870.81 billion

The market capitalization of all cryptocurrencies is $870.81 billion, up 0.77 p.c from yesterday. The full quantity of the cryptocurrency market stood at $38.59 billion previously 24 hours, a decline of 38.03 p.c. DeFi’s whole 24-hour quantity accounted for $4.06 billion, or 10.51 p.c, of the whole 24-hour quantity of the cryptocurrency market.

All stablecoin quantity at the moment stands at $35.65 billion, or 92.38 p.c of the 24-hour quantity of the whole crypto market. The value of 1 bitcoin is at the moment $19,259.54. Bitcoin dominance stands at 42.21 p.c, down 0.20 p.c from the day past.

The largest gainers are Synthetix (17%), NEM (14%) and Polygon (5%). The largest loser is KuCoin Token, which has misplaced over 10%.

Bitcoin, the world’s high cryptocurrency, was principally within the inexperienced over the previous 24 hours, though it has seen a pointy decline on the time of writing this text.

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bitcoin value on july 3 (coinmarketcap)

Final week, the autumn in cryptocurrency markets received worse as massive contributors battled liquidations, withdrawal freezes, buying and selling halts, and, in a minimum of one occasion, a bailout. The cryptocurrency market has misplaced greater than $2 trillion in worth on account of the market crash.

On July 1, cryptocurrency lender Voyager Digital introduced that it has stopped accepting deposits, withdrawals and buying and selling on its platform and is taking a look at different choices to guard the worth of the system. The motion got here shortly after the corporate despatched a default discover to distressed hedge fund Three Arrows Capital (3AC) for failing to make mortgage funds as required.

In a press release, Voyager CEO Stefan Ehrlich stated the transfer offers the corporate “further time to proceed exploring strategic choices with numerous events” whereas preserving the worth of the platform.

Voyager stated in a launch that it had employed Moelis & Firm and Conselo Group as monetary advisors and Kirkland & Ellis LLP as authorized advisors “to assist the exploration of strategic options.”

On June 22, Voyager signed an settlement with Alameda Ventures Ltd for a revolving line of credit score, offering entry to further capital to fulfill the liquidity wants of its purchasers as crypto costs took a success.

(with company enter)

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