Cryptocurrency Price Today: Top Coins See Minor Movements, Maker Becomes Top Gainer
Cryptocurrency price on March 2 quick take: The global crypto market cap stood at $1.07 trillion on Thursday morning.
Bitcoin (BTC), the oldest and most valued crypto coin in the world, remained stable within the $23,000 range early Thursday morning. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw a mix of minor gains and losses across the board. The Maker (MKR) token emerged to be the biggest gainer with a 24-hour jump of over 11 percent. NEM (XEM), on the other hand, became the top loser, with a 24-hour dip of nearly 6 percent.
The global crypto market cap stood at $1.07 trillion at the time of writing, registering a 24-hour gain of 0.29 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $23,500.70, registering a 24-hour gain of 0.16 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 20.30 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,648.04, marking a 24-hour gain of 0.78 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.42 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour dip of 1.044 percent, as per CoinMarketCap data, currently priced at $0.08108. As per WazirX, Dogecoin price in India stood at Rs 7.15.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 0.97 percent. At the time of writing, it was trading at $97.03. LTC price in India stood at Rs 8,230.32.
Ripple (XRP) price today
XRP price stood at $0.3783, seeing a 24-hour gain of 0.52 percent. As per WazirX, Ripple price stood at Rs 32.59.
Solana (SOL) price today
Solana price stood at $22, marking a 24-hour dip of 1.41 percent. As per WazirX, SOL price in India stood at Rs 2,001.
Top crypto gainers today (March 2)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Maker (MKR)
Price: $915.73
24-hour gain: 11.05 percent
Conflux (CFX)
Price: $0.2275
24-hour gain: 9.54 percent
Filecoin (FIL)
Price: $6.97
24-hour gain: 5.18 percent
Aptos (APT)
Price: $13.18
24-hour gain: 4.94 percent
XDC Network (XDC)
Price: $0.02845
24-hour gain: 4.60 percent
Top crypto losers today (March 2)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
NEM (XEM)
Price: $0.05065
24-hour loss: 5.48 percent
Klaytn (KLAY)
Price: $0.2719
24-hour loss: 5.31 percent
ImmutableX (IMX)
Price: $1.04
24-hour loss: 5.28 percent
Lido DAO (LDO)
Price: $2.95
24-hour loss: 4.63 percent
ssv.network (SSV)
Price: $42.85
24-hour loss: 4.48 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “After dropping towards $24,000 on Wednesday following US Consumer Confidence data, Bitcoin rebounded to the $23,500 level and has since risen by more than 1 percent in the past 24 hours. However, BTC still appears somewhat weak and will require recovery to make a significant move in the upcoming days. In contrast, Ethereum saw a 2 percent increase over the previous day and traded between the $1,613 and $1,650 levels. The immediate support for ETH is at the $1,600 and $1,550 levels, while resistance is at the $1,670 level.”
WazirX Vice President Rajagopal Menon said, “Bitcoin and Ethereum prices are not expected to undergo any major changes in the coming days. France continues its efforts to lead the crypto regulation efforts of the EU with tighter legislation for new crypto firms that will enter the market. Hong Kong’s evolving stance on crypto and consequent steps to introduce digital assets in the country is being actively supported by China. It is believed that Beijing is treating Hong Kong as a sandbox for crypto adoption amidst its own conflicted take on the asset.”
Kunji founder Anurag Dixit offered his take, “Silvergate Capital Corporation's stock price dropped severely after the bank disclosed that it may be subject to inquiries from the Department of Justice (DOJ), congressional committees, and bank regulators. This highlights the increased scrutiny that the crypto industry is currently facing from regulators and lawmakers. Previously the crackdown wasn't this steep on the traditional finance side of the ecosystem, but the current movements suggest the near-term focus is going to be the rails between traditional finance and digital assets."
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market remained flat due to unchanged macroeconomic factors in the last 24 hours. BTC and ETH showed a marginal jump in their value and are trading at $23,516.89 and $1,649.09 respectively. Australian central banks have experessed its willingness to explore the use of CBDC in the country and being a commonwealth realm, it may have a larger impact on the CBDC plans of other commonwealth members.”
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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