Top cryptocurrency prices today: Bitcoin, Ethereum, BNB, Solana zoom up to 6%

economictimes.indiatimes.com:

Bitcoin and other major crypto tokens eked out minor gains ahead of the US Fed meet outcome but crypto traders remained pessimistic about future price action. Fears that the Bitcoin can drop below $20,000 mark also kept traders on edge. It is believed that the weakness would continue if the global macroeconomic scenario does not improve. Barring the dollar-pegged USD Coin and Tron, the majority of the crypto tokens were trading with gains on Wednesday. Solana gained up to 6 per cent, whereas Ethereum rose 5 per cent. BNB was also 3 per cent up.

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The global cryptocurrency market cap was trading sharply lower at the $971 billion mark, rising about 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped about 26 per cent to $126 billion.Expert takePrior to the US Fed rate hike decision, most markets were in the red. Many market participants now expect a 75 bps hike, and will likely be listening closely to how the Fed plans to move ahead, said Dashan Bathija, CEO & co-founder, Vauld. «Data from Glassnode also shows that exchange inflow increased over the past two days; once again this indicates fearful market sentiment as most investors are selling and exiting the markets,» he added.Global updatesCoinbase Global is laying off around 1,100 employees as part of a cost-cutting plan, the company said in a filing. Coinbase initially said in May it was paring back its hiring plans and then later said it would rescind new job offers. Crypto-tracked futures lost over $1 billion in the past 24 hours, weighed down by a