Bitcoin remains under $30,000, Ethereum remains at $1,850 and top crypto tokens plummet
Bitcoin remained under pressure, dropping nearly half a percent and remaining below the $30,000 line, while Ethereum was trading slightly lower but above the $1,850 mark. As the new week began in Asia on Monday, Bitcoin and other crypto tokens were down. This week is set to be hectic, with the FOMC decision on interest-rate policy due on Wednesday, keeping traders on edge. However, the most recent rate hikes may have been priced in by the markets. Bitcoin remained under pressure as the largest crypto asset fell roughly half a percent and remained below the $30,000 barrier. Its largest peer, Ethereum, was trading slightly lower but still above the $1,850 mark. During the early day, the price of the action altcoins was on the down. Bitcoin's current price is around $29,780, which is still below the $30,000 barrier. During the weekend, the price could not go above $30,000. This latest price drop could be attributed to the US SEC chair expressing unhappiness with the case's result and increasing selling pressure. The FOMC's decision on interest-rate policy is due on Wednesday, so there may be little volatility this week. With the exception of Bitcoin Cash, which gained more than 2%, all of the leading crypto assets were trading lower on Monday. Toncoin fell by more over 2%, while Polkadot and Tron fell by about 2% each. Solana, XRP, Polygon, and Cardano were all down 1%. The global cryptocurrency market cap was trading lower, falling to $1.19 trillion after decreasing approximately 0.5 percent in the previous 24 hours. However, total trade volumes increased by more than 8% to $24.29 billion.
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