Check the Global Market Cap of Cryptocurrencies in India on February 28: Bitcoin (BTC), Ethereum, Doge, Solana, Litecoin, NEM (XEM) – Who are the Gainer and Loser?
The global crypto market cap has been steadily declining, dropping from $1.11 trillion last week to $1.07 trillion on Tuesday morning. Bitcoin (BTC) has remained within the $23,000 range with a minor 24-hour loss, while other popular altcoins such as Dogecoin (DOGE), Litecoin (LTC), Ripple (XRP), and Solana (SOL) have seen minor losses. NEM (XEM) was the top gainer with a 24-hour jump of over 31 percent. Cryptocurrency exchanges have offered their takes on the current market scenario, with most noting the speculation of US Fed increasing interest rates and the Stablecoin Supply Ratio’s decrease.
Investors and traders should be cautious when investing in crypto products and NFTs as they are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions and cryptocurrency is not a legal tender and is subject to market risks. Experts advise readers to seek expert advice and read offer documents and related important literature on the subject carefully before making any kind of investment.
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