Crypto Price Today: Bitcoin falls below $31,700; Shiba Inu, XRP decline up to 2%

economictimes.indiatimes.com:

cryptocurrency markets were majorly trading in the red in Thursday's trade amid rising concerns of further policy tightening by the US Federal Reserve. Bitcoin (BTC) declined 0.57% to $30,631, whereas Ethereum (ETH) was just above the $1,900 level. BTC volume stood at approximately $12.97 billion, rising 18% in the last 24 hours. «After the release of the FOMC minutes, Bitcoin saw a decline in its value. However, positive remarks from the CEO of BlackRock prevented further losses, and the cryptocurrency remained stable,» Edul Patel, Co-founder and CEO at Mudrex, said. Meanwhile, CoinDCX Research Team stated, «Bitcoin is holding above the $30,500 levels after the market is awaiting a decision from the Securities and Exchange Commission (SEC) on refiling for the spot Bitcoin exchange-traded fund (ETF).»

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«While open interest in the Bitcoin futures market continues to rise, activity in the spot market has recently declined. This suggests that investors are waiting for more clarity on the ETF decision before making any significant moves,» it said. The global cryptocurrency market cap was trading lower, around $1.2 trillion, falling 0.78% in the last 24 hours. The total volume in DeFi is currently $2.74 billion, 8.34% of the total crypto market 24-hour volume. The volume of all stablecoins is now $29.97 billion, which is 91.16% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's