The global cryptocurrency market is in the red on July 17 (today). The market cap is $1.27 trillion, a 2.77 percent decrease over the last day. The total crypto market volume over the last 24 hours is $63.96 billion, which makes a 3.04 percent decrease.



The volume of all stable coins is now $51.54 billion, which is 80.59 percent of the total crypto market's 24-hour volume. Bitcoin's price is currently $31,353.77 and its dominance is 46.14 percent, an increase of 0.52 percent over the day.

Polkadot fell the most, down -9.21 percent, followed by Dogecoin which is down -6.77 percent. On the other hand, Tether rose 0.05 percent.

This comes as fintech company Square Inc. said it is creating a new business focused on Bitcoin. It was also announced by CEO Jack Dorsey in a tweet. The new company will focus on building an open developer platform with the goal of making it easy to create decentralized financial services.