Market Update July 3

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The crypto market is seeing a subdued day on July 3, 2024. The overall market cap sits at $2.24 trillion. Bitcoin, still the dominant player at 53.1% of the market, has shed a fraction of a percent, currently trading around $60,382. Ethereum follows a similar trend, dropping 0.80% to hover near $3,100.

There are pockets of volatility outside the top coins, with some tokens experiencing significant swings. While Solana bucks the trend with a 0.76% gain reaching $148.86, others haven’t been so lucky. XRP manages a small increase of 0.16% at $0.4796.

The Decentralized Finance (DeFi) space reflects the overall market sentiment with a total volume of roughly $4.05 billion, representing just 7.21% of the total crypto market volume. Stablecoins, known for their price stability, continue to reign supreme, capturing a whopping 93.24% of the trading volume in the last 24 hours.