Crypto Price Today: Bitcoin falls below $28,100; BNB, Polkadot shed up to 3%

economictimes.indiatimes.com:

cryptocurrency markets were trading in the red on Tuesday ahead of the FOMC meeting on Wednesday. Bitcoin (BTC) fell 2.04% to $28,056, whereas Ethereum (ETH) was below the $1,850 level. BTC volume in the last 24 hours stood at approximately $15.74 billion, falling 13.55% in the last 24 hours. «Bitcoin started the new week trading in the red, as markets prepare for an important week of the U.S economic events. Currently, BTC is being traded at the US$28,000 level, having reached a weekend high of US$29,900. Investors are closely monitoring the Federal Reserve's announcement regarding interest rate hikes on Wednesday,» Edul Patel, Co-founder and CEO at Mudrex, said. The global cryptocurrency market cap was trading higher around $1.16 trillion, rising 1.51% in the last 24 hours. The total volume in DeFi is currently 2.50 billion, 7.18% of the total crypto market 24-hour volume. The volume of all stablecoins is now $32.31 billion, which is 92.87% of the total crypto market 24-hour volume.

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The market cap of Bitcoin, the world's largest cryptocurrency, was around $543 billion. Bitcoin’s dominance is currently 46.67%, a decrease of 0.23% over the day, according to CoinMarketCap. «Bitcoin has been resilient and has registered growth in all four months of the year (first time since 2013). Currently, it is experiencing a short-term downtrend that enjoys strong support at $27,000 level in case of a further