On Wednesday, the cryptocurrency market took a pause as major coins regained their luster. Federal Reserve Chair Jerome Powell In his speech did not surprise traders, resulting in a relief surge in the crypto market.
With the exception of Bitcoin and the dollar-pegged USD Coin, all of the top ten digital tokens were trading higher during morning session. BNB and Polkadot both increased by 6 percent, while XRP and Cardano both increased by 4 percent. In comparison to the previous day, the worldwide crypto market cap increased by over 3 percent to $2.01 trillion. The total crypto market volume, on the other hand, fell almost 13 percent to $88.53 billion.
Prior to the announcement of the US CPI, Bitcoin led a wide crypto comeback. Recently, Bitcoin and the broader crypto market have acted a lot like a risk asset.
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