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24 Hrs Crypto Update, Mar 5: crypto market is still struggling

Key Takeaways
  • The weekend's low trading volumes helped bitcoin stay above $22,000 for the most time. The upcoming week looks to be no exception, as the market is expected to stay volatile ahead of key macro events.
  • The prices of XRP, BNB, and XLM showed a decrease in the last 24 hours.
24 Hrs Crypto Update
Indices LTP Change (%)
BITCOIN 22385 0.78%
ETHEREUM 1561 1.29%
                                                                                     CRYPTO STATS(24H) 
Indices VALUE Change (%)
MARKET CAP 1.07 T 0.50%
TRADING VOLUME 35.35 B 3.20%
                                                                                              Top 5 GAINER
Indices LTP Change (%)
ZOBIE INU(OLD) $0.00000000016 551.94%
SINGULARITY $0.0022 292.75%
MIM $0.0000012 116.91%
JULSWAP $0.0034 85.85%
HYPRR $0.0013 82.49%
                                                                                                     Top 5 Loser
Indices LTP Change (%)
QUARK $0.0013 53.94%
AXE $0.0022 37.68%
ADAX $0.0070 31.32%
BREAD $0.0041 26.03%
HALODAO $0.000000054 24.99%

The crypto top 10 had such a mixed session on Sunday. 

MATIC led the top ten, while XRP, BNB, and ETH struggled. Despite an upbeat day, Bitcoin fell short of $23,000 for the second consecutive day.

Major Events Around the World

  • In a recent tweet, Musk clarified his stance on the technology once he was once heavily invested in cryptocurrency, but now he is turning his attention to AI. Interestingly, Elon Musk has also been associated with cryptocurrencies, particularly Dogecoin, which he had been vouching about for years

  • The Reserve Bank of India's Executive Director has revealed plans to explore the offline capabilities of Central Bank Digital Currencies (CBDCs). This would allow for digital transactions to be conducted even in areas with poor internet connectivity, which is a significant challenge in India. The RBI is currently working on a phased implementation of its CBDC and is expected to release a draft report on the same in the coming months.

  • Uniswap, a popular decentralised exchange, had planned to launch a mobile wallet app for its platform. Apple has refused to approve the app's release on the App Store due to its inclusion of an access feature that is not compliant with their guidelines.

COINGABBAR Views: It was a tumultuous Sunday session for the cryptocurrency market, and it appears that the upcoming week will be no different, as the market is expected to remain volatile in the lead up to major macro events. With a number of significant macro events looming, investors and analysts are keeping a close eye on the market's next moves. Stay tuned with us for more updates at

Also read: Binance Widens Anti-Scam Initiative After Successful Pilot

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