Crypto Price Today Live: Bitcoin below $24,100; Solana, Polygon shed over 6%

economictimes.indiatimes.com:

cryptocurrency markets were trading in the red on Wednesday, ahead of the release of the FOMC minutes later in the day. Bitcoin (BTC) fell 3.23% to $24,077, whereas Ethereum (ETH) was just below the $1,650 level. BTC volume in the last 24 hours stood at approximately $32.44 billion, rising 17.9% in the last 24 hours. «Bitcoin is trading sideways between $24,300 and $23,900 as investors await the release of FOMC meeting minutes. The current support level for Bitcoin is $23,750, with the next support level at $22,850 determined by the 50% Fibonacci retracement mark,» Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said. The global cryptocurrency market cap was trading higher, around $1.10 trillion, falling 2.8% in the last 24 hours. The total volume in DeFi is currently $9.42 billion, 13.81% of the total crypto market 24-hour volume. The volume of all stablecoins is now $60.40 billion, which is 88.54% of the total crypto market 24-hour volume.

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The market cap of Bitcoin, the world's largest cryptocurrency, was around $465.38 billion. Bitcoin’s dominance is currently 42.47%, a decrease of 0.07% over the day, according to CoinMarketCap. «Major market indicators continue to point to a neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 59.27, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 79.93 and 38.58, respectively,