Top Cryptocurrency Prices July 28: Market volume rises 34%; Bitcoin up 5%, Polkadot biggest gainer

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Bitcoin’s price hovered around 18 lakh. Bitcoin’s dominance is currently 41.56 per cent, a decrease of 0.01 per cent over the day, according to CoinMarketCap data.

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Major cryptocurrencies traded in the green early on July 28. The global crypto market cap rose 7.64 per cent to $1.05 trillion over the last day. The total crypto market volume surged 34.61 per cent to $84.71 billion over the last 24 hours. 

The total volume in DeFi is currently $7.40 billion which is 8.74 per cent of the total crypto market 24-hour volume. The volume of all stable coins is now $79.90 billion, which is 94.33 per cent of the total crypto market 24-hour volume.

Bitcoin’s price hovered around 18 lakh. Bitcoin’s dominance is currently 41.56 per cent, a decrease of 0.01 per cent over the day, according to CoinMarketCap data.

Also Read: India must stop blowing hot and cold on crypto regulation

In other news, major coins rose in early morning trading today, soaring over 10 per cent following the announcement by the Federal Reserve that it was raising interest rates by 0.75 percentage point, according to a report by CoinDesk.

Much of the talk on Wednesday in both cryptocurrencies and traditional financial markets revolved around the Fed. The rate hike matched analysts’ expectations, as per the report.

As of 8:15 am on July 28, these are the prices of largest cryptocurrencies (data from WazirX):

Bitcoin 18,75,099 5.1%
Ethereum 1,35,500 8.96%
Tether 82.22 -2.85%
Cardano 42.0957 6.57%
Binance Coin 22,100.00 4.74%
XRP 29.0000 5.35%
Polkadot 627.14 10.66%
Dogecoin 5.4886 3.66%

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