- The global crypto market was 1.13 trillion and soared around 1.8% in a day.
- Bitcoin (BTC) surged by 2.2% in the last 24 hours.
The start of 2023 and February’s excitement over the cryptocurrency market turned to struggle at the end of Feb. After a prolonged 2022 bearish, the market signals recovery from Jan 1st, but the recent Federal regulator’s scrutiny over the crypto industry led top digital assets to face unstable price momentum.
Today the overall crypto market shows some greens in its chart. At the time of writing the global crypto market cap was $1.13 trillion, which increased around 1.8% in a day. Let’s look at the top cryptocurrencies price in February with today’s comparison.
The king of cryptocurrency, Bitcoin (BTC), is currently trading in the $23K price level, which declined by around 7.6% from its mid-Feb high of the $25K range. At the time of writing, Bitcoin tarded at $23,777, increased by 2.2% in a day with 24 hours trading volume of $30B, and has a market cap of $458B. BTC price surged over 44% since the start of January 2023 and is up by 7% in two weeks.
The largest altcoin, Ethereum (ETH), backs track to the $16K mark in mid-January and touches the $17K range at the beginning of Feb. Following the Bitcoin, ETH breakdown in the $16K price range. At the time of writing, Ethereum traded at $1,652, up by 1.9% in a day and 38% year to date. ETH holds a market cap of $199B and had 24 hours trading volume of $8B. Further, on Feb 28th, the second Ethereum testnet successfully forks in the Shanghai upgrade.
Secondly, we have Cardano (ADA). ADA is trading at $0.361263 with 24 hours of trading volume of $255M and has a market cap of $12B. Cardano surged over 47% since the beginning of 2023 but is still 9% down in 30 days and 0.3% in a day.
Next is Polygon (MATIC) stabilaized in $1.5 price range. At the time of writing, MATIC traded at $1.25, surged over 65% year to date, and 2% in a day. Polygon has a market cap of $11B with 24 hours trading volume of $649M.
The final one is Solana (SOL) which surged over 2.3% in the last 24 hours to trade at $22.77, but still, SOL is down by 13% in 30 days. However, Solana’s price climbed over 127% since the start of 2023 and has a market cap of $8B, as per Tradingview.
Elon Musk’s recent interactions prompted the first and largest memecoin Dogecoin (DOGE) price slightly. But DOGE decreased by 8.7% in a month and 3.4% in a week. However, Dogecoin is up by 1.5% in a day and 17% in the year to the day. It has a market cap of $11 billion.
The upcoming layer-2 blockchain Shibarium posted Shiba Inu (SHIB) at the top of the most talkative cryptocurrency in the year list. Also, SHIB witnessed significant price surges in February and soared over 52% from January 1st, 2023. But, at the time of writing, Shiba Inu traded at $0.00001239, down by 7% in a week, and has a market cap of $7B. Still, the SHIB Army awaits the Shibarium launch.
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