Crypto Price Today: Bitcoin holds above $28,500; Ethereum, Polygon rise up to 2%

Cryptocurrencies saw a rise in trading ahead of the scheduled Federal Reserve interest rate decision. Bitcoin rose by almost 2% to $28,526 and Ethereum was above $1,850, while the global cryptocurrency market cap rose by 1% to $1.17tn. The volume of all stablecoins now represents 92.45% of the total cryptocurrency market over the last 24 hours. Speculators may be anticipating an announcement on interest rate hikes by the Federal Reserve, leading some experts to predict that ongoing banking crises and the US economic outlook may affect short-term price movements in Bitcoin.