Leading cryptocurrencies posted broad gains on Wednesday as Federal Reserve Chair Kevin Warsh declared that “prices are too high” at an international conference.

Bitcoin (CRYPTO: BTC) climbed 2.91% to $59,898.38, briefly breaking past $61,000 before sellers pushed the price back down toward $59,000.

Trading volume for Bitcoin spiked 11% over the prior 24 hours, reflecting a sharp tug-of-war between bullish buyers and bearish sellers in the market.

Ethereum (CRYPTO: ETH) advanced 2.86% to $1,609.75, reaching the mid-$1,600s before encountering resistance and pulling back slightly.

XRP (CRYPTO: XRP) gained 2.12% to $1.05, while Dogecoin (CRYPTO: DOGE) rose 1.75% to $0.07221, and Solana (CRYPTO: SOL) surged…