Bitcoin falls below $27,700; XRP, Tron tank over 7%

The 24-hour trading volume of Bitcoin (BTC) was around $32.36 billion, which decreased by 6.07%. The US Fed's anticipated interest rate hike and the associated hawkish messaging caused volatility in the crypto market, leading to a 3% drop in BTC overnight. However, BTC has good short-term support levels at $26,500-$26,900 and a strong base at $25,300, which could lead to a potential rally if it holds any of these levels in the next week. Other top crypto tokens, including XRP, Dogecoin, Cardano, and BNB, were also trading lower. The global cryptocurrency market cap was around $1.16 trillion, falling 2.10% in the last 24 hours. The volume of all stablecoins was $62.31 billion, which is 91.46% of the total crypto market 24-hour volume. Finally, the market cap of Bitcoin was approximately $535.76 billion, with its dominance at 46.23%, increasing by 0.11% over the day.