Bitcoin tradedbetween $27300 and $28,350 during the last 24 hours after surpassing $28,000 for a ninth consecutive month. This is as investors wait for a Federal Reserve decision on Wednesday’s interest rate. Traders expect a 25-basis point increase. The $28,000 mark is where the world’s most valuable cryptocurrency seems to be stuck. According to Swissblock Insights, the market is betting on a 0.25 percent rate increase. The market should not react aggressively if the Fed raises rates. The report said that if the Fed stops, however, the market will experience a strong move towards the upside. “We expect volume will decrease and bitcoin’s price action to lose some momentum going into the meeting.” Altcoins fell 5%, most of them losing 5% in the last 24 hours.