Cryptocurrency Market Reacts to FED Interest Rate Decision

Cryptocurrency Market Reacts to FED Interest Rate Decision

Amidst the announcement of the FED's decision on interest rates, the cryptocurrency market has experienced significant fluctuations.

Bitcoin's price declined from $69,900 to $68,000, triggering a general downward trend across altcoins. However, a few market participants have bucked this trend:

PEPE Coin

Despite reaching all-time highs and facing intense selling pressure, PEPE has exhibited resilience. The coin's price has experienced a modest increase of over 1% in the past 24 hours, reaching $0.00001311. This suggests potential consolidation.

PEPE's market capitalization has risen to $5.5 billion, and its 24-hour trading volume has surged by 5.80% to $1.4 billion, placing it among the top ten most actively traded cryptocurrencies.

Not Coin

Debuting on the TON network as a Telegram bot, Not Coin has garnered attention and swift listings on major exchanges. Its price briefly reached $0.037 before retracing.

As of writing, NOT has maintained a value well above its launch price of $0.000779. It's currently trading at $0.01813 after a 13.82% gain in the past 24 hours.

NOT's market cap stands at $1.8 billion, and its 24-hour trading volume has increased by 45% to $1.2 billion.

Shiba Coin (SHIB)

SHIB, the second-largest meme coin, has defied market conditions by showing resilience. After a downturn earlier this week, it has rebounded with a 2.68% increase in the last 24 hours. It's currently trading at $0.00002221, a development welcomed by investors.

SHIB remains approximately 75% below its all-time high. In Turkish lira, it's valued at 0.00072110 TL.

SHIB's market cap remains above $13 billion, and its 24-hour trading volume has risen by 4% to $850 million.