Due to the decision of the US Fed and pressure on the crypto market, BitCoin came below 28 thousand dollars
Due to the decision of the US Fed BitCoin price coming below 28000 dollars, the speed of the crypto market was curbed. Bitcoin (BitCoin) has slipped below 28 thousand dollars and according to the market cap, only two currencies in the top 10 cryptos have good growth. Talking the biggest crypto bitcoin (BitCoin), it is available at a price of $ 27,692.93 (Rs 22.78 lakh) with a decline of 1.51 percent (BitCoin Price). Only two currencies in the top 10 cryptos have good growth.
In the last 24 hours, the position of BITCOIN in the crypto market has weakened by 0.10 percent and now it has a 46.10 percent share in the crypto market.
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The US Fed announced a 0.25 percent hike in policy rates and also indicated that there could be one more increase by the end of this year. However, the Federal Reserve also indicated that rate hikes may end soon, which would provide support to the banking system. Because of this, the pressure on the crypto market increased. Talking about the biggest crypto Bitcoin (BitCoin) is getting a price of $ 27,692.93 (Rs 22.78 lakh) with a decline of 1.51 percent (BitCoin Price).
At the same time, the second largest crypto Ethereum has also slipped by more than one and a half percent and has come down to $ 1800. Talking about the entire crypto market, the global market cap has declined by 1.37 percent in the last 24 hours and it has remained at $ 1.16 lakh crore (Rs 95.42 lakh crore).
Out of the top 10 cryptocurrencies by market cap – Tether, USD Coin, and Polygon – are in the red zone. However, except for the polygons, both are almost flat. Polygon has weakened more than 1 percent in a week. On the other hand, XRP (XRP) gained the most in seven days by about 21 percent. Talking about the top two cryptos, in seven days, bitcoin has gained about 12 percent and Ethereum has gained more than 6 percent.
Crypto Price: Trending in Top 10 Cryptocurrencies
| Crypto | Current Rate | 24-Hour Movement |
| BitCoin(Bitcoin) | $27,692.93 | (-) 1.51% |
| Ethereum | $1,758.43 | (-) 1.61% |
| Tether | $1 | 0.00% |
| BNB | $326.29 | (-) 1.90% |
| USD Coin | $0.9999 | .02% |
| XRP | $0.4411 | (-) 1.57% |
| Binance USD | $1.0 | 0.07% |
| Cardano | $0.3739 | 1.34% |
| Dogecoin | $0.07778 | 3.51% |
| Polygon | $1.13 | (-) 0.94% |
| Solana | $21.73 | (-) 2.25% |
Source: Coinmarketcap
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