Ethereum was down 1.6%, XRP tumbled 4.2%, and Solana slid 0.2%.It isn’t a surprise that the tokens were sliding after the tech-heavy Nasdaq Composite index dropped 1.5% on Tuesday as Wall Street opted to dump some of its favorite stocks of the year.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) recover on Wednesday after two consecutive days of losses ahead of the release of the Federal Reserve's (Fed) meeting minutes later today. Bitcoin resurfaces above the $113,000 level on Wednesday following the 2.89% drop from the previous day.

Stablecoins could define the next wave of crypto adoption. For XRP, that's more risk than reward, and it's just the opposite for Ethereum. Stablecoin growth directly boosts activity on its network, burns ETH, and reduces supply.