Crypto markets take a hit at the start of Feb 2024

At the time of writing, Bitcoin (BTC) is worth $42,162.02, down 0.1% from an hour ago and 1.9% from yesterday. The value of BTC today is 5.1% higher than what it was seven days ago. In the last 24 hours, the total volume of Bitcoin transactions was $26,520,587,977.

The global crypto market cap is $1.7 trillion today, down 2.18% in the last 24 hours and 51.81% a year ago. As of today, Bitcoin has a market cap of $827 billion, reflecting a 48.78% crypto market dominance. Meanwhile, stablecoins’ market capitalization is $137 billion, accounting for 8.07% of the overall crypto market capitalization.

Bitcoin fell on Jan. 31 as the US Federal Reserve opted to keep interest rates constant and dampened chances of a rate drop in March, prompting one analyst to anticipate doom for US markets and BTC#TrendingTopic #TrandNTell #Write2Earn