Crypto Price Today: Bitcoin falls below $27,200; Polkadot, Litecoin shed up to 3%

economictimes.indiatimes.com:

cryptocurrency markets were trading in the red in Wednesday's trade. Bitcoin (BTC) fell 2.44% to $27,154, whereas Ethereum (ETH) was below the $1,900 level. BTC volume stood at approximately $15.30 billion, rising 20.54% in the last 24 hours. «On Tuesday, Bitcoin reached the $28,000 mark but has since experienced a minor decline as investors kept an eye on developments regarding the debt ceiling deal. They also awaited a crucial House vote on the debt limit deal, which is scheduled for today,» Edul Patel, Co-founder and CEO at Mudrex said. «The price of BTC began a corrective downward movement after failing to surpass the resistance zone at $28,500. Presently, the immediate resistance on the upside lies around the $27,850 level, while support is found at $27,500,» Edul added. The total volume in DeFi is currently $2.62 billion, 7.68% of the total crypto market 24-hour volume. The volume of all stablecoins is now $31.64 billion, which is 92.6% of the total crypto market 24-hour volume.

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The global cryptocurrency market cap was trading lower around $1.14 trillion, falling 1.76% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $526 billion. Bitcoin’s dominance is currently 46.31%, dropping 0.23% over the day, according to CoinMarketCap. Rajagopal Menon, Vice President at WazirX said, «Major market oscillators point toward a Neutral sentiment. The Relative