Leading cryptocurrencies stagnated, while stocks fell on Wednesday due to the Federal Reserve’s interest rate decision and uncertainty surrounding U.S.-Iran peace talks.

Crypto Liquidations Surge

Bitcoin remained volatile, dropping from an intraday high of $77,884 in the early hours to below $75,000 by afternoon. Trading volume spiked nearly 30% over the last 24 hours.

Ethereum hovered between $2,200 and $2,300 amid strong trading volume, while Dogecoin jumped over 7%.

Over $550 million was liquidated in the past 24 hours, with $345 million in long positions erased, according to Coinglass data.

Open interest in Bitcoin futures fell 0.88% over the last 24 hours, and more than 12% over a…

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