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<br> The global cryptocurrency market cap fell 2.3% to $1.1tn, with Bitcoin dropping 2% to $26,432. Analysts suggest the crypto market is in a “decisive phase” and waiting for the next catalyst for either short-term recovery or selling pressure. Other top crypto tokens including Litecoin, Tron, BNB, XRP, Cardano, Polygon, and Polkadot also traded with gains. Bitcoin, XRP, and Solana traded with cuts, while BNB, Polygon, and Shiba Inu traded with gains. Cryptocurrency markets saw mixed trading on Tuesday, with XRP, Solana, and Litecoin seeing gains and Bitcoin, Ethereum, and BNB experiencing losses. Major cryptocurrencies including Bitcoin and Ethereum were trading in the red, while XRP, Solana, and Tron were showing gains. Other cryptocurrencies trading lower include BNB and Solana, with the market cap trading at around $1.09tn, a fall of 4% in the last 24 hours. Other tokens, including BNB and Solana, fell by over 6%, and XRP, Cardano, Polygon and Polkadot traded with cuts. Bitcoin, XRP and Polygon were up while Ethereum, BNB and Cardano traded with losses. Bitcoin rose 2% to $25,472, while Ethereum was above $1,650. Bitcoin fell 1.4% to $26,790, goldsilberaktiv.com while Ethereum hovered above the $1,850 level. Cryptocurrency markets were hit by a sell-off, with Bitcoin falling 3.7% to $24,918, while Ethereum was below $1,650 following the US Federal Reserve’s hawkish comments.<br>
<br> Cryptocurrency markets were trading mixed as the Federal Reserve’s policy meeting concludes. Bitcoin and tech stocks have diverged in their performance this week, with Bitcoin remaining below the $27,000 level while the tech-heavy Nasdaq 100 climbed 3.5%. The correlation coefficient of Bitcoin and tech gauge dropped to 0.19 on Friday, the lowest since April 25, as they have been decoupled since the start of the year due to uncertainty around Federal Reserve’s rate hikes plan. However, Bitcoin is still considered riskier than tech stocks in an uncertain macro environment. However, the agreement must still be passed quickly by Congress to avoid a US default, in addition to other potential headwinds such as a recent surge in Treasury yields and US monetary tightening. Bitcoin Pizza Day marked the beginning of the real-world value of cryptocurrencies beyond a speculative nature, showcasing Bitcoin’s potential to be used as a medium of exchange, challenging traditional fiat currencies’ notion. Following fiat currency exchange launches in the U.K., Uganda and Singapore, Binance is opening a dedicated U.S.<br>
<br> By then, bitcoin was shedding its reputation as the currency of drug dealers and data-breach blackmailers. Since then, it experienced significant milestones in its journey towards mainstream recognition, such as its meteoric rise in value, global acceptance, institutional involvement, regulatory developments, DeFi growth, and media coverage. The total volume in DeFi accounts for 7.68% of the total crypto market’s 24-hour volume. Stablecoins hold a volume of $31.64 billion, representing 92.6% of the total crypto market’s 24-hour volume. The global crypto market cap was down 0.43% at around $1.16 trillion, while Bitcoin’s market cap was around $539 billion, with dominance currently at 46.54%. Experts predict that if BTC does not break above $28,300, investors may engage in short selling targeting a drop to $27,500 and potentially further to $27,000. BTC fell 0.88% to $25,881, with its volume at $13.02 billion, up 12.48% in the last 24 hours. BTC fell 0.71% to $27,805, with volume at approximately $12.73 billion. Nearly $172 million exited from global exchange-traded products tracking everything from Bitcoin to Cardano in the first six months of 2023 amid an industry wide rally, following outflows of just $37 million in 2022. That compares to record cash inflows of nearly $10 billion in 2021 and $6.7 billion in 2020, Bloomberg data show.<br>
<br> Bitcoin’s volume increased by 20.54% in the last 24 hours, standing at approximately $15.30 billion. Other cryptocurrencies, such as XRP and Litecoin, also saw losses of over 6%. The global cryptocurrency market cap fell 3.24% in the last 24 hours, standing at around $1.02tn. According to Shivam Thakral, CEO of BuyUcoin, the market could react sharply to the FOMC meeting outcome. This has caused a drop across the global cryptocurrency market, with Binance and its CEO Changpeng Zhao both being sued by the SEC for regulatory violations. The overall cryptocurrency market capitalization has been range-bound at slightly below $1.2tn, indicating a lack of trend control. However, the market remained flat as the encouraging CPI data indicated a cooling down of inflation and a potential relaxation of monetary policies in the future. The market cap of Bitcoin was around $515bn, with Bitcoin’s dominance rising to 46.69%. However, its volume stood at $11.85bn, which fell 31.34% in the last 24 hours. Bitcoin surged to a more than two-week high, rising by up to 3.2% on Monday and trading at around $28,182, thanks to investors boosted by a decision to raise the US debt limit. Analysts predict a choppy crypto market in the coming weeks if the decision on the debt ceiling bill remains unclear.<br>