Leading cryptocurrencies stalled on Wednesday after the Federal Reserve's preferred inflation gauge came in higher than expected.

Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:17 p.m.

EDT)Bitcoin (CRYPTO: BTC)-0.26%$78,636.17Ethereum (CRYPTO: ETH) +1.36%$2,489.15XRP (CRYPTO: XRP) -2.78%$1.40Solana (CRYPTO: SOL) +3.84%$100.68Dogecoin (CRYPTO: DOGE) -0.15%$0.08632 Crypto Rally Eases Bitcoin wobbled between $77,600 and $79,200 as bulls failed to push the apex cryptocurrency back above $80,000.

Trading volume plunged 35% over the last 24 hours.

Ethereum surged to $2,500 in the early evening before consolidating, though buying pressure remained subdued.