The biggest moves in bitcoin, crypto market, and more

The major cryptocurrencies were trading steadily as of early June 23, with the global crypto market capitalization up 0.05% to $899.78 billion in the past 2
hours. On the other hand, total crypto market volume fell 5.85% to $66.53 billion during this time period. The total DeFi volume is $5.39 billion, or 8.11% of the total 2
-hour volume of the crypto market. The volume of all stablecoins is $57.68 billion, or 86.70% of the 2
-hour volume of the crypto market.
Bitcoin hovers around Rs 16.90 lakh, with
3.20% dominance. This is down 0.07% on the day, according to data from CoinMarketCap.
Meanwhile, markets are bracing for a world of higher interest rates, led by moves by the US Federal Reserve. Higher rates can lower inflation, but they also run the risk of triggering a recession by slowing the economy. They also tend to drive down the price of stocks, cryptocurrencies, and other investments. Last week, the Fed raised its main short-term interest rate to three times its usual level in its biggest hike since 199
. It may consider such a large rally at its next meeting in July.
Bitcoin, which hit a record high of $69,000 in November, has lost more than half of its value this year.