• Bitcoin faces mounting selling pressure and pulls back close to $95,000 support on Wednesday. 
• Top 5 altcoins struggle while XRP leads with over 2% gains on the day. 
• The crypto market cap erased 7% of its value in the past 24 hours, down to $3.49 trillion. 
• Experts believe Bitcoin price may consolidate further before demand returns to the market. 

Bitcoin (BTC) briefly slipped below $95,000 on Wednesday before recovering above that level. Bitcoin’s crash ushered a market-wide correction in crypto, sending altcoins in the top 5 lower except XRP that held on to recent gains and added nearly 2% on the day. 

Ethereum (ETH), Binance coin (BNB) and Solana (SOL) correct slightly on the day, while BTC loses nearly 2% value.