Crypto Market Experiences Significant Movements After FED Interest Rate Decision

Crypto Market Experiences Significant Movements Following FED Interest Rate Decision

The cryptocurrency market underwent notable fluctuations after the announcement of the FED's interest rate decision. Bitcoin's price dipped from $69,900 to $68,000, prompting a decline in altcoins. However, amidst this market downturn, certain altcoins defied the trend.

Price of PEPE Coin

PEPE, which gained attention in recent weeks, experienced a significant sell-off after reaching its all-time highs, losing over 10% in the past seven days. However, following the FED's decision, PEPE's price movements have pleased its investors.

In the last 24 hours, PEPE's price surged by over 1%, reaching $0.00001311. This may suggest that major investors are pausing their selling activity.

PEPE's market capitalization has risen to $5.5 billion, while its 24-hour trading volume has increased by 5.80% to $1.4 billion. This places it as the 9th most actively traded cryptocurrency.

Current Status of Not Coin

Not Coin made a significant mark last month. Emerging as a Telegram bot on the TON network, NOT attracted attention from major exchanges and was swiftly listed. Its price spiked to $0.037 before experiencing a pullback.

NOT continues to trade well above its initial price of $0.000779. At the time of writing, NOT's price stands at $0.01813, representing a 13.82% gain in the last 24 hours.

Its market capitalization is now $1.8 billion, with a 45% increase in 24-hour trading volume to $1.2 billion.

Price of Shiba Coin in TL

Finally, SHIB, the second-largest meme coin after DOGE, is also defying the market trend. SHIB appears to have recovered from its early-week decline.

SHIB's price rallied by 2.68% in the last 24 hours, reaching $0.00002221, which was met with positive sentiments from investors. However, SHIB remains 75% below its all-time high. In Turkish Lira (TRY), SHIB is trading at 0.00072110 TL.

Meanwhile, SHIB's market capitalization remains above $13 billion, with a 4% increase in 24-hour trading volume to $850 million.