Crypto Price Today: Bitcoin slips below $29,800; Tron, XRP decline up to 3%

economictimes.indiatimes.com:

cryptocurrency markets were trading in the red on Monday as the FOMC interest rate decision looms over crypto markets this week. Bitcoin (BTC) declined 0.42% to $29,793, whereas Ethereum (ETH) was below the 1,900 level. BTC volume stood at approximately $10 billion, rising 22.28% in the last 24 hours. «Bitcoin continues to trade below the $30000 mark at around $29780. The price of Bitcoin did not rise about $30000 over the weekend. This recent price decline could be because of the US SEC chair expressing disappointment with the defeat over XRP’s case and increasing selling pressure,» Edul Patel, Co-founder and CEO at Mudrex, said. «There could be little volatility this week as FOMC’s decision on interest-rate policy is due on Wednesday,» Edul added.

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Other top crypto tokens were also trading lower. XRP, BNB, Cardano, Dogecoin, and Solana were also trading lower. The global cryptocurrency market cap was trading lower, around $1.19 trillion, falling 0.49% in the last 24 hours. The total volume in DeFi is currently $2.41 billion, 9.91% of the total crypto market 24-hour volume. The volume of all stablecoins is now $21.26 billion, which is 87.44% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $578 billion. Bitcoin's dominance is currently 48.58%, an increase of 0.04% over the day, according to CoinMarketCap. «Bitcoin has been facing