Tron and XRP both drop by up to 3% as Bitcoin drops below $29,800

As the FOMC interest rate decision hangs over the cryptocurrency markets this week, the markets for digital currencies were trading lower on Monday.

Ethereum (ETH) fell below the 1,900 mark while Bitcoin (BTC) fell 0.42% to $29,793. BTC volume was at $10 billion, up 22.28% over the previous day.

At about $29780, Bitcoin is still trading below the $30000 threshold. Over the weekend, Bitcoin’s price did not increase by nearly $300,000. The US SEC chair’s unhappiness by the case’s loss and rising selling pressure may be to blame for the recent price decrease.

Given that the FOMC’s decision on interest-rate policy is due on Wednesday, there may not be much volatility this week.

The price of other popular crypto tokens also decreased. In addition to XRP, BNB, Cardano, Dogecoin, and Solana, prices were falling. The market capitalization of all cryptocurrencies was trading lower, at $1.19 trillion, down 0.49% over the previous 24 hours.

$2.41 billion, or 9.91% of the 24-hour volume of the entire crypto market, is the total volume in DeFi at the moment. All stablecoin volume is currently $21.26 billion, or 87.44% of the 24-hour volume of the whole crypto market.

The largest cryptocurrency in the world by market cap, Bitcoin, was valued at over $578 billion. According to CoinMarketCap, Bitcoin presently has a 48.58% market share, up 0.04% from the previous day.

The $31,000 resistance level has proven to be difficult for Bitcoin to overcome, but it has also found support around the $29,500 level. Lack of a clear breakout suggests a phase of consolidation during which the price moves back and forth within a range.

Additionally, the price of bitcoin has been trading below the short-term resistance level represented by the 20-day exponential moving average ($30,036). Bitcoin’s strong resistance level is $32,500, while its strong support level is $28,500.

Cryptocurrency Price Today

Bitcoin Price Today | $29,787

Ethereum Price Today | $1,870

Tether Price Today | $1

BNB Price Today | $241

XRP Price Today | $0.7263

Cardano Price Today | $0.3132

Dogecoin Price Today | $0.0713

Solana Price Today | $24.4

Polygon Price Today | $0.7415

Litecoin Price Today | $92.39

Polkadot Price Today | $5.34

Tron Price Today | $0.08126

Shiba Inu Price Today | $0.000007789

(Note: Price change in last 24 hours)