Cryptocurrencies take a pause from the rally and Bitcoin holds at $118,000

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Cryptocurrencies correct in the last 24 hours.

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Cryptocurrencies are trading relatively calmly this Wednesday, after weeks marked by a strong bullish momentum. Bitcoin (BTC), the main asset in the market, shows barely any variations and holds around $118,000, according to Binance. Meanwhile, Ethereum (ETH) falls 0.68% to $3,260.

Among the main altcoins, they drop up to 3.4%, led by Dogecoin, Hyperliquid (-2.4%), and Avalanche (-2%).