Bitcoin and other major coins failed to find upward momentum on Tuesday evening as the global cryptocurrency market cap fell 1.6% to $1.7 trillion at press time.
Price Performance Of Major Coins
Coin
24-hour
7-day
Price
Bitcoin (CRYPTO: BTC)
-1.8%
-0.9%
$37,786.60
Ethereum (CRYPTO: ETH)
-2.4%
-1.1%
$2,783.57
Dogecoin (CRYPTO: DOGE)
-0.6%
-6%
$0.13
Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency
24-Hour % Change (+/-)
Price
Algorand (ALGO)
+8.6%
$0.67
Helium (HNT)
+5.4%
$15.00
Tron (TRX)
+5.5%
$0.072
See Also: Best Crypto Debit Cards
Why It Matters: Cryptocurrencies were lagging other risk assets like stocks, which flashed green ahead of an expected rate hike by the U.S. Federal Reserve.
S&P 500 and Nasdaq futures rose 0.1% and 0.2%, respectively, at press time. The Federal Reserve is expected to raise its fed funds target rate by half a percentage point on Wednesday. Also on the cards is a tapering of bond purchases by $95 billion a month, according to a CNBC report.
The greenback …
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