TokenPost.ai
Cryptocurrency markets traded higher on Sunday, with Bitcoin (BTC) and Ethereum (ETH) extending gains and lifting overall sentiment, even as decentralized finance activity cooled. The move underscored ongoing preference for large-cap tokens while trading metrics showed investors keeping capital on standby via stablecoins.
As of 03:07 a.m. ET on July 6 (07:07 a.m. UTC), Bitcoin was changing hands at $63,394, up 1.20% from the prior day, according to TokenPostMarket data. Ethereum rose 1.32% to $1,782, tracking the broader upswing across major assets.
Large-cap altcoins were mostly positive. XRP (XRP) gained 1.03%, BNB (BNB) climbed 2.94%, Solana (SOL) added 0.80%, TRON (TRX) rose 1.62%, and Dogecoin (DOGE) advanced 2.40%. Hyperliquid posted the strongest move among the names listed, up 5.09%, reflecting pockets of risk appetite returning to higher-beta tokens.
The total crypto market capitalization stood at about $2.19 trillion, while 24-hour spot trading volume reached roughly $54.9 billion. Altcoin market capitalization was reported at about $920.8 billion, with 24-hour altcoin volume near $35.8 billion, suggesting broad participation but not an across-the-board surge in turnover.
Market share data also pointed to a tilt toward majors. Bitcoin’s 'dominance' rose to 58.00%, up 0.0419 percentage points on the day, while Ethereum’s share increased to 9.81%, up 0.0152 percentage points. A simultaneous rise in both BTC and ETH dominance typically signals that incremental inflows are concentrating in the most liquid benchmarks rather than rotating aggressively into smaller-cap segments.
By contrast, DeFi metrics softened. The DeFi sector’s market capitalization was about $68.46 billion, but 24-hour trading volume fell to roughly $6.84 billion, down 10.84% over the past day. The divergence—prices up while DeFi activity cools—can indicate selective positioning, with traders favoring spot majors and liquid large-cap altcoins over more fragmented on-chain niches.
Stablecoin activity moved in the opposite direction. The stablecoin market capitalization was around $282.95 billion, while 24-hour trading volume increased 4.93% to about $54.83 billion. Rising stablecoin turnover is often read as a sign of 'liquidity on standby'—capital circulating actively and ready to redeploy, particularly during markets that are trending but still sensitive to short-term catalysts.