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Cryptocurrencies traded in the red early on June 11. The global crypto market cap stood at $1.19 trillion, down 2.91 percent from Friday. The total crypto market volume over the last 24 hours increased 11.34 percent to $67.62 billion.
The total volume in DeFi is $5.97 billion, 8.83 percent of the total crypto market 24-hour volume. The volume of all stable coins is now $57.31 billion, which is 84.75 percent of the total crypto market 24-hour volume.
The price of Bitcoin is Rs 24 lakh, with a dominance of 46.65 percent. This was a 0.30 percent increase over the day, according to data from CoinMarketCap.
On the domestic side, Reserve Bank of India (RBI) Governor Shaktikanta Das has again said that cryptos "pose huge financial stability risks in the economy".
“We have already conveyed our stance (on cryptocurrencies) to the government. They pose huge risks to financial stability. The central bank will wait for the government consultation paper on cryptocurrencies...
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