The major cryptocurrencies were trading in green as early as June 1 as the global cryptocurrency market cap increased by 0.21% to $1.31 trillion over the past day, on the other hand, the total crypto market volume over the past 24 hours decreased by 5.76% to $87.75 billion.
Devi had a total volume of $7.85 billion, which is 8.96 percent of the total 24-hour crypto market volume, and all stablecoins had a volume of $75.43 billion, accounting for 85.96 percent of the total 24-hour crypto market volume.
Bitcoin is currently trading above $32,239, and the dominance of the world’s largest cryptocurrency on the market has increased to 46.29% by 0.37% over the past day, according to the latest data.
After the collapse of Tera’s Luna currency wiped out $40 billion in investor funds, the UK government issued a stablecoin advisory paper to address financial stability issues, and to get stakeholder views on the UK’s regulatory approach to crypto assets and stablecoins in January 2021, the Treasury issued an advisory and called for evidence.
Source: Money Control