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Bitcoin below $29,000; Ethereum breaches $1,800; Shiba Inu tanks 8%

Bitcoin and other top crypto tokens dropped sharply today after the US Fed minutes of meeting spooked the traders. The US Fed minutes of meeting for July dampened the traders sentiments across the globe, which hinted for more rate hikes by the US central lender if need be. Bitcoin continued to weaken further as the largest crypto token dropped as much as 2 per cent to slip below 29,000-mark once again. Ethereum was also trading 2 per cent down, slipping below $1,800-levels after the latest weakness. The global cryptocurrency market cap was trading significantly lower, falling down to $1.14 trillion-mark as it dropped almost 2 per cent in the last 24 hours.


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