On March 1, 2021, the American and European authorities announced the closure of the Garantex cryptocurrency platform in Moscow, accusing it of processing massive transactions, which affected investor confidence in the market.

The trading volumes of non-fungible tokens (NFTs) also saw a 50% decrease in February, reflecting a decline in investor interest in digital tokens.

Investors are advised to keep an eye on political and economic developments, as they play an important role in the volatility of the cryptocurrency market.

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