Leading cryptocurrencies tanked Wednesday after the Federal Reserve's hawkish outlook and the central bank's statement that it has no interest in owningBitcoin.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -4.94% | $100,644.84 |
| Ethereum (CRYPTO: ETH) | -5.81% | $3,648.03 |
| Dogecoin (CRYPTO: DOGE) | -8.26% | $0.3603 |
What Happened:Bitcoinplunged sharply through the day but managed to stay above the psychologically crucial $100,000 mark.
Ethereum's descent was steeper, as the second-largest cryptocurrency retreated to the $3,600 region following a near 6% drop.
The slump triggered over $675 million in cryptocurrency liquidations in the last 24 hours, with long liquidations hitting $578 million.
The decline came following Fed ChairJerome Powell's comments during the press conference following the Federal Open Market Committee meeting, where he...
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