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\tBitcoin prices declined to trade below the $36,000 level after the Federal Reserve held the interest rate at near zero with sights of increasing the rates to beat inflation. The world’s largest cryptocurrency<\/a> was trading over 5% lower at 35,940. Bitcoin is still comfortably above the $33,000 level it breached on Monday, which was more than 50% off its November peak.<\/p>\n<\/div>\n \tMeanwhile, the global cryptocurrency market capitalisation today was down 4% to $1.71 trillion, as per CoinGecko, dragged by the continuous fall in crypto prices.<\/p>\n \t\u201cThe daily timeframe continues to traverse within the descending channel pattern. The next support for Bitcoin is expected at the $30,140 level. With the factors surrounding the BTC\u2019s current position, we could see a trend reversal from this level,” said Siddharth Menon, COO of WazirX.<\/p>\n \tOn the other hand, Ether, the coin linked to ethereum blockchain and the second largest cryptocurrency, also plunged more than 4% at $2,393, as per CoinDesk. Binance Coin was also down over 5% at $364.<\/p>\n \t\u201cETH against BTC showed some strength in the last day crossing the 0.07 level and gaining over 5% in the process. The daily trend pattern for Ethereum continues to trade within the ascending channel pattern. The trend is trading close to the support levels and a break down from this pattern could see Ethereum further weaken against Bitcoin. Immediate support is expected at 0.0658,” Menon added.\u00a0<\/p>\n \tDogecoin price rose also declined over 5% to $0.14 whereas Shiba Inu crashed over 6% to $0.000020. Other cryptos such as XRP, Terra, Stellar, Avalanche, Cardano, Solana, Polygon were also trading with major cuts over the last 24 hours.<\/p>\n \t(With inputs from agencies)<\/i><\/p>\n