The market clearly lost ground mid-week. The total market capitalization fell 4.5 percent from the previous day. The downward sentiment arose after Fed Chairman Jerome Powell ruled out further interest rate cuts by the central bank on Tuesday before the Senate committee in the U.S. Congress for the time being. This dashed many investors' hopes and prediction of a looser monetary policy, leading to significant price losses.

Bitcoin in the minus

Bitcoin fell 2.6 percent, dropping to $95,800. On a weekly basis, the world's largest crypto currency lost 2.4 percent.

Bigger loss for Ethereum

The loss at Ethereum is even more substantial: the price of Ether lost some four percent. With a current quote of $2,600, the ETH price is six percent below its level of a week ago.

Ripple and Solana down

XRP is also down four percent, coming in at $2.40. Measured over seven days, the Ripple coin is down five percent. Solana also dipped below the psychological barrier of $200 again. With a minus of five percent over the past 24 hours, SOL dropped to $194.

BNB holds its own

BNB still got off relatively mildly. The Binance Coin is down 1.4 percent at the time of writing. Still, at $630, BNB is trading nearly ten percent higher compared to last week.

Dogecoin and Cardano surrender

Dogecoin is also clearly in the red. The memecoin fell six percent.
Cardano posted a minus of five percent, but compared to a week ago, the ADA share price is still up 1.6 percent.

Substantial losses and some exceptions

The biggest price declines were recorded at Ethena (minus 15 percent), Celestia (minus 12 percent) and JasmyCoin (minus 12 percent).
Sonic (0.4 percent) and Fasttoken (0.1 percent) were the only bright spots: they closed the day slightly in the plus.