Crypto Price Today Live: Bitcoin tanks below $27,600; Polygon, Dogecoin decline up to 4%

Cryptocurrency markets saw a decline in prices on Tuesday, with Bitcoin dropping 2.14% to $27,580 and Ethereum trading below $1,850. The global cryptocurrency market cap fell 1.73% in the last 24 hours to around $1.14tn, with other major cryptocurrency tokens also trading lower. Reports of network congestion and paused Bitcoin withdrawals issued by Binance caused market speculation. Industry experts predict the market will remain choppy, with US CPI inflation data expected to be key to holding the market structure.

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