Cryptocurrency price in India 2 March 2023: Bitcoin & Ethereum rise, market traded mixed

By Nidhi Bhardwaj: The market on Thursday traded mixed. Bitcoin increased by 0.28 percent to stand at $23,514. Moreover, the value of Ethereum went up by 0.80 percent to $1648, as compared to its yesterday’s lows.

Mudrex co-founder and CEO Edul Patel said, “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.

Read More

He continued, “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.”

As the market struggled between the ups and downs, the price of Solana decreased by 1.28 percent to $22.05. On the other hand, Litecoin managed to improve its price by 0.59 percent and continued to garner profits from yesterday. The mixed market could further affect Cardano’s value by 0.28 percent negatively, in contrast to the positive impact on XRP by a 0.62 percent rise. At this time, Avalanche also fell by 0.25 percent to $17.45, followed by a boost in Cosmos by 0.67 percent.

On 2 March, the global crypto market cap increased by 0.13 percent to $1.07 trillion in the past 24 hours. Similarly, the total crypto market volume stood at $47.79 billion, having registered an increase of 6 percent.

According to CoinMarketCap, the top gainers were Maker, Conflux, Mina, and XDC Network. Contrarily, the top losers were ssv. network, Klaytn, Lido DAO, and NEM.

Meme coins register fall

On Thursday, the value of meme coins plunged. Shiba Inu recorded a slip of 1.84 percent to $0.000012. The value of Dogecoin fell 1.03 percent to $0.081060. This continued in Dogelon Mars with a 1.26 percent decrease.

Metaverse tokens fluctuate

A majority of the top metaverse tokens traded mixed. The price of The Sandbox recorded a loss of 1.10 percent. However, Axie Infinity rose by 0.11 percent, in contrast with the fall in Decentraland by 0.26 percent.