Crypto Snapshot: February 29th, 2024 (23:03 IST)
Market Movement:
Overall: The global crypto market experienced a marginal gain in the last 24 hours, with the total market cap reaching $2.33 trillion, an increase of 8.29%. However, trading volume soared by a significant 109.49%, reaching $198.33 billion.
Top Performers:
Bitcoin (BTC): Up 10.48% to $63,198.21.Ethereum (ETH): Up 6.64% to $3,475.20.BNB: Up 7.01% to $421.10.
Notable Mentions:
Pepe (PEPE): Most trending cryptocurrency, up 17.96%.Bonk (BONK): Top gainer, up 62.19%.Dymension (DYM): Top loser, down 5.12%.
News Highlights:
Bitcoin briefly touched $64,000 before experiencing a 7% drop, triggering over $700 million in crypto liquidations. Analysts are unsure about the cause, with some speculating it could be profit-taking or pre-regulation jitters.DeFi continues to see innovation, with the emergence of new protocols like YieldX promising high returns. Experts emphasize cautious research before investing in such new ventures due to potential risks.
Remember: This information is for educational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.
#pepe #BONKâ #dym #BNB⏠$PEPE $BONK $DYM