Major cryptocurrencies experienced a negative trading trend on July 13. Over the previous day, the market capitalization of all cryptocurrencies fell by 2.39 percent to USD 867.37 billion. Over the past 24 hours, the total volume traded on the cryptocurrency market has increased by 2.49 percent to USD 55.24 billion.
DeFi's total 24-hour volume is currently USD 4.78 billion, or 8.65% of the overall crypto market volume. All stable coin volume is currently USD 50.59 billion, or 91.58 percent of the 24-hour volume of the whole crypto market.
Bitcoin was trading for almost Rs 16 lakh. According to data from CoinMarketCap, the dominance of Bitcoin is currently 42.75 percent, a drop of 0.06 percent from the previous day.
In other news, cryptocurrency exchange Bitbns unveiled the Zero TDS mechanism on its SIP investments in cryptocurrencies on July 12 in an effort to assist consumers in avoiding TDS (Tax Deducted at Source) fees and investing long-term.
Bitbns' Bitdroplet platform will cover the TDS for SIP investments redeemed after a year. There is no requirement for redemption's duration, either.
The platform, which has an active folio valued more than 200,000, boasts to have invented cryptocurrency SIP in India. Additionally, the exchange added 19 brand-new tokens to its SIP platform, giving investors more flexibility when making SIP transactions.
Bitcoin may fall record-low of USD 10000 per digital coin soon
MetGain races ahead using blockchain technology that will benefit the financial sector in a big way.