Today’s Cryptocurrency Prices in India (March 1): Check Global Market Cap of Bitcoin (BTC), Ethereum, Doge, Solana, Litecoin, IMX (Gainers & Losers)
Bitcoin (BTC) and Ethereum (ETH) are two of the most popular cryptocurrencies in the world, and have remained relatively stable within their respective price ranges. Other popular altcoins have seen a mix of minor gains and losses, with ImmutableX (IMX) being the biggest gainer with a 24-hour jump of 7%. The global crypto market cap currently stands at $1.07 trillion, with Bitcoin (BTC) trading at $23,438.03 and Ethereum (ETH) trading at $1,635.48. Dogecoin (DOGE), Litecoin (LTC), Ripple (XRP), and Solana (SOL) have also seen a mix of minor gains and losses.
Experts have offered their take on the current market situation, with Mudrex co-founder and CEO Edul Patel noting that buyers failed to push the price of Bitcoin above $24,000 last week due to concerns about inflation and monetary policies. WazirX Vice President Rajagopal Menon noted that Bitcoin and Ethereum prices continue to decline amidst concerns around short selling and insufficient liquidity. Sathvik Vishwanath, CEO and co-founder of Unocoin, said that the BTC/USD pair is in consolidation below the $23,750 resistance level.
Abu Dhabi is taking a welcoming approach to the crypto industry by launching a free zone that offers zero taxes and 100 percent foreign ownership to digital and virtual asset firms, while France is set to pass stringent licensing laws around AML and KYC for cryptocurrency companies to prevent money laundering and terrorist financing. Visa and MasterCard have postponed their crypto plans due to market conditions and regulations. Overall, the crypto market has seen a mix of minor gains and losses, and investors and traders may need some time to digest the economic data.
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