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Bitcoin Slips Below $28K Ahead of This Week's FOMC Meeting: Market Watch

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The total crypto market cap has seen $30 billion gone in a day.

In fact, prominent billionaires, such as Elon Musk and Bill Ackman,

the Fed should revert from its current monetary strategy and even decrease the rates by up to half a point.Most altcoins registered notable gains in the past week or so, but there’re some big retracements charted on a daily scale now. Ethereum has further distanced itself from $1,800 after another 2.3% drop. Binance Coin is back at $330 following a 1.5% decline.

More losses come from the likes of MATIC, DOGE, SOL, DOT, SHIB, LTC, and AVAX. The landscape with the mid-cap alts is no different, with CRO, ICP, GRT, APE, VET, FIL, APT, and others dumping by up to 8% in a day. As such, it’s no surprise that the overall crypto market cap has declined by just over $30 billion in a day and is down to $1.150 trillion.

 

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