Bitcoin and Ether both experienced drops in trading volumes, with Bitcoin falling below the support line of US$25,000. The US Federal Reserve left interest rates unchanged, but warned of potential hikes to combat inflation. Despite the release of documents expected to help Ripple's defense in an SEC lawsuit, Ripple's XRP token fell. The total cryptocurrency market cap lost 2.76% in the last 24 hours, with the daily crypto trading volume falling 5.37%.
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