Welcome to Crypto Insider's Wednesday Edition! As the week continues to unfold, so does the excitement in the crypto world. Today, we're thrilled to bring you a curated selection of the latest news, trends, and insights shaping the digital asset landscape. Join us as we delve into market movements, expert analysis, and uncover valuable opportunities for investors and enthusiasts alike. Let's dive into the heart of the crypto realm together!

MARKET OVERVIEW (Today's Cryptocurrency Prices by Market Cap)

The global crypto market cap is $2.41T, a 1.65% increase over the last day.

The total crypto market volume over the last 24 hours is $154.91B, which makes a 13.47% decrease. The total volume in DeFi is currently $12.54B, 8.09% of the total crypto market 24-hour volume. The volume of all stable coins is now $141.12B, which is 91.10% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.10%, an increase of 0.05% over the day.

Analyzing Turbulent Waters of Bitcoin’s Recent Performance, BTC Price Around $64K

With the Fed opting for a steady course, the immediate impact on Bitcoin and other cryptocurrencies was mixed, reflecting the complex interplay between macroeconomic policies and digital asset valuations.

Bitcoin’s pricing and the broader crypto market experienced significant volatility. With movements that saw Bitcoin (BTC) briefly dip below critical support levels before making a modest recovery and unprecedented activity in the ETF market, there’s much to unpack.

Bitcoin Halving Retrace Spooks Investors: What Is It And Why Does It Matter??

The Bitcoin price crash over the past day has taken crypto investors by surprise, leading to a full bleed day for the industry. However, while this may have come as a shock to many, some were able to call it out ahead of time. One of those is Rent Capital, which said the decline was in line with Bitcoin’s established halving trend.

An Expected Crash

The analysis posted by Rest Capital outlines the trends that Bitcoin has followed leading up to its halving months. In 2020, the halving fell on the month of May and in the month leading up to the rally, the Bitcoin price saw an approximately 20% decline.

Related Reading: Solana Surpasses Ethereum In Major Metric Amid Surge Above $200

Over the years, Bitcoin has followed similar patterns to usher in the anticipated halving and while there has been some deviation this time around, the digital asset looks to be maintain some trends. One of these trends is the price crash before the halving.

Stay tuned for tomorrow's updates as we bring you the latest news and information. We will keep you informed and provide you with all the necessary details.

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