Cryptocurrency markets were trading marginally higher in Monday's trade after a moderation in a key U.S. inflation reading heightened hopes of a Federal Reserve rate cut in June. At 11.06 a.m., Bitcoin was trading 0.1% higher at $70,293, while Ethereum was down 0.2% at $3,580. Meanwhile, the global cryptocurrency market cap surged 0.48% to around $2.67 trillion in the last 24 hours. The total volume in DeFi is currently $7.51 billion, 10.91% of the total crypto market 24-hour volume. The volume of all stablecoins is now $59.35 billion, which is 86.21% of the total crypto market 24-hour volume. BTC volume in the last 24 hours rose 19.4% to $21 billion.
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