India, July 29 -- Anxiety ahead of the Fed's interest rate decision is writ large on the digital asset space. The Fed is widely expected to hold rates ready in the decision to be announced on Wednesday afternoon.
Markets also digested recent reports that show Bitcoin's price difference on Coinbase Pro and on Binance turning negative, implying a reduction in institutional demand from the U.S.
Overall crypto market capitalization has declined more than 1 percent to $3.89 trillion. The 24-hour trading volume has however increased more than 9.9 percent overnight to $176 billion.
Bitcoin edged down 0.30 percent overnight to trade at $118,374.60. It is currently trading 4 percent below the all-time-high of $123,091.61 recorded on July 14. The ...