Bitcoin failed to surpass the $28,000 mark on Wednesday, while other popular altcoins experienced minor gains and dips. Ripple was the top gainer, with a 6% increase in just 24 hours.

The global crypto market cap dropped by 0.26% in 24 hours, standing at $1.16 trillion at the time of writing.

Various experts provided insights on the current market scenario, with some highlighting Bitcoin's fluctuating range and Ethereum's increasing staked holdings.