The crypto market registered a substantial drop on Wednesday before recovering towards the end of the day after Federal Reserve Chair Jerome Powell flagged concerns about inflation and slowing growth due to tariffs. However, markets recovered as crypto remained strong in the face of adversity even though traditional stock markets took a beating. 

Bitcoin (BTC) slumped to a low of $83,246 early on before rebounding to reach a day high of $85,290. However, the flagship cryptocurrency lost momentum after reaching this level and registered a marginal decline to its current level. BTC has been up over 1% in the past 24 hours and is trading at around $84,450. Meanwhile, Ethereum (ETH) slumped to a low of $1,546 before rebounding to reclaim $1,600 and move to its current level of $1,601. …