The global crypto market cap gained 2.86 percent to USD904.57 billion in the last 24 hours, putting major cryptocurrencies in the green early on June 21. The overall crypto market volume, on the other hand, fell 8.78 percent to USD71.92 billion during the same time period.

The overall volume in DeFi was USD6.65 billion, accounting for 9.24 percent of the total 24-hour volume in the crypto market. The total volume of all stable coins was USD62.73 billion, accounting for 87.23% of the 24-hour volume of the crypto market.

Bitcoin was hovering at Rs 17 lakh, with a 43.35 percent market share. According to CoinMarketCap data, this represents a 0.08 percent increase over the previous day.

Meanwhile, markets are bracing for a future of higher interest rates, owing to the Federal Reserve's actions in the United States. Higher rates can lower inflation, but they also risk weakening the economy, which could lead to a recession. They also have a negative impact on stock, cryptocurrency, and other investment prices. The Federal Reserve raised its benchmark short-term interest rate by three times its average level last week, the largest increase since 1994. At its next meeting in July, it may consider another massive raise.

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