By Priyanka Payal
Wed, 01 Mar 2023 12:35 PM (IST)
The price of cryptocurrencies showed a mixed performance today while the global crypto market cap made slight gains, up 0.99% at $1.08 Trillion on Wednesday (March 1).
The total crypto market volume over the last 24 hours is $46.91B, an increase of 4.11%. The total volume in DeFi at the time of drafting remains at $5.17B, 11.03% of the total crypto market 24-hour volume. The volume of all stablecoins at $42.47B is 90.53% of the total crypto market 24-hour volume.
Price of major cryptocurrencies Bitcoin and Ethereum also traded in the green today. Bitcoin (BTC) price was up 1.32% at $23,711.98, while Ethereum (ETH) rose 1.41% at $1,651.81 per token. Bitcoin’s dominance was 42.38%, an increase of 0.12% over the last 24 hours.
Other cryptocurrencies which made significant gains in today’s trade included Stacks (STX), up 12.79%, Maker (MKR), up 9.52%, BNB, up 0.33%, and XRP, up 0.73%, among others.
Meanwhile, Cardano price was down 0.97% at USD$0.361298. With a 24-hour trading volume of USD$260,969,453, the altcoin has a live market cap of USD$12,526,570,917.
The price of two popular meme currencies Shiba Inu (SHIB) and Dogecoin (DOGE) were down 1.31% and 0.07% at USD$0.00001232 and USD$0.08211 respectively.
Solana price today rose 0.98% at USD$22.55 commanding a market capitalization of USD$8,532,766,109. The current CoinMarketCap ranking is 11.
Major US Indices Close Lower on Tuesday:
In the overnight trading on Wall Street the US indices closed lower ending February on a weak note. On Tuesday, the Dow Jones Industrial Average fell 0.71%, to 32,656.7, the S&P 500 shed 0.30%, to 3,970.15 points while the tech-heavy Nasdaq Composite was down 0.1%, to 11,455.54 points.
The stock market continues to remain volatile currency as investors have become way more cautious and continue to assess if interest rates will remain high for an elongated period. Market experts believe that going ahead the US central bank would increase rates to a higher level than market forecasts.
