Bitcoin falls below $29,200, Polygon, Solana shed up to 6%

The crypto tokens were trading lower in Wednesday's trade. Bitcoin (BTC) fell 0.70% to $29,132, whereas Ethereum (ETH) was below the 1,850 level. BTC volume stood at approximately $13.2 billion, rising 8.9% in the last 24 hours. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.15 trillion, falling 1.43% in the last 24 hours. Bitcoin has been trading above the $29000 level. This might be attributed to the U.S. retail sales report for July, which indicates a growth of 0.7%, surpassing the predicted rise of 0.4%. Bitcoin's recent movement has been between $29,600 and $29,150, indicating volatility. A breach could dictate its price trajectory.

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