Crypto Market Cap Drops Amid BTC Sell-Off and Tether Expands into Africa

The total crypto market cap dropped to $2.27 trillion after a -0.5% decline overnight, while daily trading volume rose to $63.4 billion.

Bitcoin (BTC) slipped below $64,000 following the FOMC meeting, where SEC Chair Paul Atkins hinted at future rate hikes, causing a sell-off across crypto.

The Fear & Greed Index is sitting at 28/100, down one point from yesterday, and within 'Fear' territory. This lack of movement reflects a market still digesting the implications of Atkins' speech before making any significant moves.

In other news, Tether has partnered with the Nairobi Securities Exchange (NSE) to explore blockchain-based capital market infrastructure, tokenized securities, and digital asset education in Kenya.