The global cryptocurrency market capitalization advanced by 0.88 percent to USD 1.93 trillion in the last 24 hours, while trading volumes lowered by 11.16 percent to USD 63.96 billion.

Stablecoin accounted for 76.67 percent of the 24-hour cryptocurrency trading volume at USD 49.04 billion, while decentralised finance (DeFi) accounted for 12.96 percent at USD 8.29 billion. On the morning of February 7, Bitcoin's market domination rose by 0.22 percent to 41.51 percent, and the currency was trading at USD 42,204.91.

Bitcoin gained 2.02 percent to Rs 33,22,183 in rupees, while Ethereum rose 0.19 percent to Rs 2,37,499.9 in rupees.

Avalanche rose 0.24 percent to Rs 6,180, while Cardano rose 2.95 cryptocurrency to Rs 91.55. In the previous 24 hours, Polkadot rose 0.92 percent to Rs 1,715.65 and Litecoin rose 3.26 percent to Rs 9,825. Tether fell 0.11 percent to Rs 78.3 per unit.

Dogecoin surged 7.95 percent to Rs 12.52, while Memecoin SHIB increased 27.02 percent. Terra (LUNA) lost 1.64 percent of its value to Rs 4,368.

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