Bitcoin price crashed on Wednesday as it fell below the $46,000 mark. Bitcoin fell 3 percent after an announcement from US Federal Reserve Governor Lael Brainard, according to data from coindesk.
Most cryptocurrencies, including Ethereum, were in the red as the overall volume of the cryptocurrency market had decreased.
The most popular cryptocurrency in the world, Bitcoinit fell by 3.04 percent to $45,365.
Ethereum, the second largest cryptocurrencyit fell 4.40 percent to $3,369.
Other cryptocurrencies such as XRP fell 1.76 percent, Solana fell 5 percent, Cardano fell more than 4 percent, Avalanche fell more than 6 percent, Polkadot fell more than 5 percent, and Stellar fell more than 4 percent. . penny.
Among major altcoins, Dogecoin gained more than 6 percent, Shiba Inu fell 1.89 percent.
โBTC, ETH, and other major cryptocurrencies fell on Tuesday after aggressive comments from the US Federal Reserve Governor. BTC and ETH fell nearly 3 percent and 5 percent, respectively. BTC has struggled to break its resistance in the past few days, signaling the end of the downtrend," said Edul Patel, CEO and co-founder of Mudrex.
โBTCโs current support price remains at $43,000 which may keep buyers active in the market. While on the other hand Dogecoin has gained almost 7 percent over the last day after Elon Musk joins the Twitter Board," Patel said.
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