The crypto market once again failed to break through the $2.15 trillion cap mark, falling 2.3% to $2.1 trillion, almost back to where it started Tuesday.
From the technical analysis side, Bitcoin retreated to the downside after another test of its 50-day average - ranging for the past six days.
The main institutional demand seemed to be for other assets, such as gold, as the precious metal set record highs amidst a weaker dollar.
Despite relatively stagnant ETH prices recently, demand for staking continues to rise, with the total value locked in Ether Liquid Staking Derivatives set to double.
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