Cryptocurrency market remained sluggish as investors awaited the Federal Reserve's upcoming policy meeting.

Bitcoin struggled to hold above the $83,000 mark, while XRP and Solana saw sharper declines. The global cryptocurrency market showed modest gains over the past day, with the total market capitalization rising to $2.72 trillion, reflecting a 0.26% increase.

Cryptocurrency market remained sluggish on Wednesday as investors awaited the Federal Reserve’s upcoming policy meeting.

After a sharp rebound on Monday, US-listed Bitcoin (BTC) ETFs saw some selling pressure as the coin slipped below the $83,000 mark.

Meanwhile, XRP and Solana saw sharper declines.

The global cryptocurrency market showed modest gains over the past day, with the total market capitalization rising to $2.72 trillion, indicating a 0.26% increase.

However, trading activity slipped slightly, as the total market volume slipped 1.34% to $72.25 billion in the last 24 hours.

Bitcoin (BTC) price today

Bitcoin traded at $82,636.21, down around 0.71% in the past 24 hours.

The coin’s 24-hour trading range was between $81,179.99 and $83,505.6.

Bitcoin’s market dominance edged lower, falling 0.22% to 60.57%.

US spot Bitcoin ETFs saw a rebound on Monday, recording net inflows of $274.6 million—the highest daily figure since February 4.

This marks a sharp turnaround after five consecutive weeks of outflows, which had drained over $5 billion from these funds since February 4.

Despite the recent decline in investor sentiment, the latest inflows pushed cumulative all-time net inflows for Bitcoin ETFs to $35.9 billion.

Ethereum (ETH) price today

Ethereum (ETH) price bucked the general trend to trade in the green on Wednesday.

The token was up over 1% to trade at $1,932.14.

The intraday low and high were $1,872.51 and $1,947.77, respectively.

Ether has struggled to regain momentum after falling below $2,200 on March 9, with the altcoin down 14% this month.

The decline has weighed on investor sentiment, especially as the broader crypto market has only dropped 4% in the same period.

XRP and SOL price today

XRP fell over 1.4%, trading at $2.26 after hitting an intraday low of $2.23 and a high of $2.30.Solana (SOL) registered a 0.4% drop to $124.68 trading between $121.94 and $125.98 in the past 24 hours.

Trading volume was down 6% at $2.35 billion.

Solana’s SOL futures debuted on the Chicago Mercantile Exchange (CME) on Monday, marking a key milestone for institutional access to the asset.

However, unlike the highly anticipated launches of Bitcoin (BTC) and Ethereum (ETH) futures, the introduction of SOL derivatives generated little excitement.

The first day of trading saw a notional daily volume of $12.3 million, with open interest reaching $7.8 million.

These figures are notably lower compared to the initial trading activity seen during the CME debuts of Bitcoin and Ethereum futures.