The cryptocurrency market is having a volatile Wednesday as higher-than-expected US inflation data reignited investor concerns over Federal Reserve policy and dampened hopes for near-term interest rate cuts. Bitcoin (BTC) dipped to $94,400 before recovering to $97,000. Ethereum (ETH) climbed 2% in the past 24 hours to approximately $2,660. XRP gained 2% to $2.45, and Solana (SOL) slid 2% to $193, according to CoinGecko. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io