The global cryptocurrency market capitalisation fell 2.83 percent over the last 24 hours to $1.75 trillion, while trading volumes were down about 29.55 percent to $68.18 billion during the same period.

Over the last 24 hours, the total volume in the decentralised finance (DeFi) space stood at $11.02 billion, constituting around 16.16 percent of the 24-hour cryptocurrency trading volume. The total volume in stablecoins stood at $53.41 billion, around 78.34 percent of the 24-hour cryptocurrency trading volume.

Bitcoin's market dominance rose 0.13 percent to 41.89 percent and the currency was trading at $38,561.99 on the morning of February 27.

In rupee terms, Bitcoin fell 1.19 percent to trade at Rs 30,60,482 while Ethereum fell 2.43 percent to Rs 2,14,681.2

Cardano was down 5.89 percent to Rs 67.99 and Avalanche fell 1.87 percent to Rs 6,263.69. Polkadot fell 0.62 percent to Rs 1,398.1 and Litecoin was down 3.63 percent to Rs 8,369.77 in the last 24 hours. Tether was up 0.33 percent to Rs 78.9.