Major cryptocurrencies including Bitcoin experienced a negative trend on early trade on February 7,  as the market capitalization of all cryptocurrencies fell by 0.60 percent from the previous day to USD 1.06 trillion. USD 49.85 billion has been traded on the crypto market in the last day, an increase of 4.18 percent.

DeFi's 24-hour volume was USD 4.90 billion, or 9.83 percent, of the overall volume of the cryptocurrency market. All stable coin volume was USD 44.74 billion, or 89.73 percent of the 24-hour volume of the whole crypto market.
According to Coinmarketcap, the cost of Bitcoin, the most popular cryptocurrency in the world, was roughly Rs 19.42 lakh, and its market share was 41.52 percent, down 0.02 percent from the previous day.

In other events, the British financial watchdog on Monday advised cryptocurrency businesses to prepare for stricter advertising regulations later in the year, warning that any violations may result in up to two years in prison.

The Financial Conduct Authority stated in a statement that "all crypto asset firms marketing to UK consumers, including those operating overseas, will shortly need to conform with the new UK financial promotional system." "Firms need to start getting ready for this regime right away. If a company violates these rules, we will take severe action."

Big investors give up on crypto markets going mainstream