Bitcoin’s market capitalization dropped to $1.825 trillion, with its dominance standing at 61.25%. The cryptocurrency’s 24-hour trading volume surged by 144.5% to reach $51.42 billion. Stablecoins made up $134.24 billion of this volume, accounting for 94.16%, as per CoinMarketCap.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.