Leading cryptocurrencies and stocks traded flat on Wednesday, while gold extended its record-breaking rally as Federal Reserve Chair Jerome Powell said that rate cuts are not “anybody’s base case” currently.
Bitcoin’s Rally Stalls At $90,000
Bitcoin bulls attempted a breakout above $90,000 but ran into heavy resistance, sending it back toward $88,000.
Ethereum broke past $3,000 but couldn’t hold it for long. Trading volume for the second-largest cryptocurrency plunged 21% over the last 24 hours.
Roughly $233 million was liquidated from the market in the last 24 hours, according to Coinglass, with nearly an equal amount of bullish longs and bearish shorts wiped out.
This news is powered by CryptoCrunchApp 
