Crypto Price Today: Bitcoin falls below $28,100; BNB, Polkadot shed up to 3%

The cryptocurrency market fell on Tuesday ahead of the FOMC meeting. Bitcoin faced a decline of 2.04% while Ethereum was below $1,850. Investors are closely eyeing the Federal Reserve’s announcement about interest rate hikes on Wednesday, which may affect the markets. However, Bitcoin has registered growth in all four months of the year, despite experiencing a short-term downtrend with a strong support level at $27,000. The global cryptocurrency market cap increased by 1.51%, trading around $1.16 trillion, and BTC currently has a market cap of roughly $543 billion.