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The Crypto market continued to bleed on Tuesday ahead of the Federal Reserve’s policy meeting. Investors have begun their countdown for a 75 basis point rate hike, which pushed the digital tokens lower. The total market capitalization of the crypto space again slipped below the $1 trillion mark, with Bitcoin barely holding on to the $21,000 level while Ethereum dropped below the $1,500 level. Rising fears of economic slowdown continue to haunt the riskier assets. The global cryptocurrency market cap was trading lower at the $966.86 billion mark, dropping more than 4 percent in the last 24 hours. However, the total cryptocurrency trading volume jumped close to 18 percent to $75.16 billion.

Varuni is an experienced crypto analyst and journalist with a keen interest in the Web3, blockchain, metaverse and NFT space. She's currently heading the Voice of Crypto team as the Editor-in-Chief and believes that decentralized web is the way to go.

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