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The total global crypto market cap rose 6.3%, reaching $1.26tn, as crypto coins rallied following US District Judge Sarah Netburns ruling that XRP did not violate federal securities laws. The decision prompted a surge of as much as 68% in XRPs value. Other tokens, like Cardano and Solana, which have also experienced scrutiny from the Securities and Exchange Commission
The total volume in DeFi is currently $2.07 billion, 6.74% of the total crypto market 24-hour volume. The volume of all stablecoins is now $27.88 billion, which is 90.58% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $590 billion. Bitcoin's dominance is currently 49.92%, a decrease of 0.04% over the day, according to CoinMarketCap.
The total volume in DeFi is currently $2.03 billion, 8% of the total crypto market 24-hour volume. The volume of all stablecoins is now $24.17 billion, which is 91% of the total crypto market 24-hour volume.
Bitcoin rose 1.23% to $30,476, while Ethereum climbed above $1,850. BTC volume in the last 24 hours reached approximately $14.59 billion, a rise of 66.55%. Giottus Crypto Platform CEO Vikram Subburaj said, "Breaching key resistance at $32,400 will be the eventual target before a sustained rally is possible." Meanwhile, the global cryptocurrency market cap hit around $1.19tn, a rise of 1.45% in the last 24 hours, while the market cap of Bitcoin was at $593bn, and its dominance was sitting at 49.88%, a decline of 0.11% over the day, according to CoinMarketCap.
The cryptocurrency market experienced a slight dip with Bitcoin declining by 0.65% to trade at $30,069. Ethereum was also slightly affected, with it trading above the $1,850 range. Despite this, the total volumes of BTC rose by 17.78% in the last 24 hours to $8.8 billion. The crypto market cap traded lower at $1.17 trillion, down by 0.74% in the last 24 hours. The price of BTC has continued to range-trade above $30,000 as the market absorbs the nonfarm payroll report.