Crypto Price Today: Bitcoin tumbles below $26,500; XRP, Litecoin crash up to 16%

economictimes.indiatimes.com:

Bitcoin dropped nearly 8% to slip below $26,500. Its largest peer, Ethereum, declined 7% to $1,680. Other top crypto tokens, BNB (6.4%), XRP (16.3%), Dogecoin (9.3%), Solana (6%), Shiba Inu (12%), Polygon (7.7%) and Litecoin (14.4%) were also trading lower on Friday. Meanwhile, the global cryptocurrency market cap plunged 7.25% to around $1.05 trillion.

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Bitcoin (BTC) and Ethereum (ETH) both neared a two-month low, with market participants closely monitoring their movements in response to the recent release of the Federal Open Market Committee (FOMC) minutes. Bearish sentiment increased following the latest FOMC minutes, where the Federal Reserve hinted at further rate hikes, said CoinDCX Research Team. The market cap of Bitcoin, the world's largest cryptocurrency, declined to $514 billion. Bitcoin's dominance is currently 48.57%, according to CoinMarketCap. BTC volume in the last 24 hours shot up 97.36% to $32.96 billion. «The crypto market has continued to sharply fall for the second consecutive day. The mass sell-off in the crypto market has led to a plunge in the crypto fear and greed index, which is down 13 points and has entered the fear zone after over 5 months, with a score of 37/100,» Parth Chaturvedi, Investments Lead at CoinSwitch Venture, said. «According to market data, investors have registered $1 billion in losses in liquidations in the last 24 hours. BTC is trading around $26.5k after it