Bitcoin, Ethereum, Dogecoin Slip: Fed’s Powell Stirs Recession Fears, But Is Crypto Selloff Showing ‘Exhaustion?’

Bitcoin, Ethereum and major coins traded lower on Wednesday evening as the global cryptocurrency market cap slipped 2.1% to $887.6 billion at press time. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -2.1% -11.1% $20,116.83 Ethereum (CRYPTO: ETH) -4.7% -14.7% $1,061.83 Dogecoin (CRYPTO: DOGE) -2.8% 1.3% $0.06 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Polygon (MATIC) +14.9% $0.47 Uniswap (UNI) +9.6% $5.11 Amp (AMP) +6.2% ​​$0.0095 See Also: How To Get Free NFTs Why It Matters: U.S. Federal Reserve Chair Jerome Powell appeared before Congress on Wednesday and acknowledged the hardship inflation is causing.