Cryptocurrency Prices: Bitcoin, Ether and Cardano rise
The global cryptocurrency market worth increased 4.43% to $1.25 trillion on May 30 as major cryptocurrencies traded in the green. Over the previous 24 hours, overall crypto market volume increased by 4.74% to $53.47 billion.
The overall volume in DeFi was $5.55 billion, accounting for 10.37% of the entire 24-hour activity in the crypto market. The overall volume of all stable currencies was $45.25 billion, accounting for 84.62% of the entire 24-hour volume of the crypto market.
Bitcoin reached a high of Rs 24 lakh. According to statistics from CoinMarketCap, the world’s largest cryptocurrency market domination declined 0.09% to 45.84% in the past day.
In other developments, according to research published by financial services and investment management business Galaxy Digital, VCs spent over $10 billion on crypto firms in the first quarter of this year.
Andreessen Horowitz, a leading venture capital firm, has announced the closure of a $4.5 billion crypto fund focused on Web3 firms. Also this week, a group of former executives from Binance, one of the major global cryptocurrency exchanges, announced the launch of Old Fashion Research, a $100 million venture fund aimed at increasing crypto acceptance in emerging countries such as Latin America and Africa.