On Tuesday, the value of major cryptocurrencies suffered a loss, with the global crypto market capitalization declining by 0.45 percent to $1.07 trillion in the past 24 hours.
Cryptocurrency price in India on February 28
After staying in the green yesterday, the prices of the main cryptocurrencies on Tuesday noted a decline. Bitcoin declined 0.35 percent to settle at $23,480. This continued in the value of Ethereum down 0.49 percent to trade at $1,633.
On the declining value of Bitcoin, Mr. Sathvik Vishwanath, Co-Founder and CEO of Unocoin, said: โThe cryptocurrency market has seen mixed moves over the past 24 hours, with Bitcoin facing significant resistance at $23,750, leading to a bearish correction that may push the value even lower to $22,800."
He added: โOn the other hand, Ethereum price fell 0.99 percent to $1,627.03 with a trading volume of $7,497,106,810. However, there is still hope that it will go higher if Ethereum breaks the resistance level. of $1,625 or finally reaches $1,674".
As the market fell, the price of other top tokens such as Solana and Litecoin posted a loss of 1.95 percent to $22.58 and 0.74 percent to $94.32, respectively. This decline was further noted on Polkadot at 1.42 percent to $6.58. Avalanche price was down 2.88 percent at $17.80, followed by a drop in XRP of 0.29 percent at $0.375445. At the time, Cosmos fell 0.81 percent and Monero fell 1.89 percent.
On Feb. 28, the global crypto market capitalization declined 0.45% to $1.07 trillion in the last 24 hours. On the contrary, the total volume of the crypto market stood at 45.380 million dollars, having registered an increase of 30.57 percent.
Winners and decliners of the day
According to CoinMarketCap, the top gainers were NEM, SingularityNET, Synthetix, and Stacks. By contrast, the main losers were Bone ShibaSwap, Conflux, Polygon, and Aave.
meme coins notice decrease
On Tuesday, the value of meme coins plummeted. Shiba Inu posted a slide of 2.58 percent to $0.000013. Dogecoin value fell 0.06 percent to $0.08 in 2019. This continued at Dogelon Mars with a decline of 3.70 percent.
metaverse tokens in green
Most of the top metaverse tokens remained in the red zone. The Sandbox price posted a 0.57 percent loss, which continued on Axie Infinity with a 0.27 percent decline. In contrast, Decentraland rose 0.27 percent.
