Ripple adds 2% as Bitcoin declines amid mixed trends shown by the cryptocurrency market

4 Jul 2022 , 10:58 AM

Early on July 4, major cryptocurrencies showed no movement. Over the past day, the market capitalization of all crypto assets increased marginally by 0.60% to $871.80 billion. On the other hand, over the past 24 hours, the overall volume of the crypto market fell by 2.72% to $40.12 billion.

DeFi’s entire 24-hour volume was $4.10 billion, or 10.23% of the total crypto market volume. All stable coin volume was $36.64 billion, or 91.33% of the 24-hour volume of the whole crypto market.

Bitcoin was trading at about Rs15.61 lakh. Early today, the market domination of the biggest cryptocurrency in the world decreased slightly by 0.19% to 42.06%.

Meanwhile, only a year after launching the project, Facebook parent company Meta has announced it will discontinue its cryptocurrency digital wallet, Novi, on September 1, 2022.

The product shut down at the pilot stage before even getting to a full launch. After the expiration date, users won’t be able to check in to their accounts via the Novi app or its WhatsApp integration, according to Meta.

The move takes place as bitcoin and other cryptocurrency valuations plunge to new lows and the market is in a state of chaos.