FED Interest Rate Decision Causes Significant Movement in Crypto Market

FED Interest Rate Decision Impacts Crypto Market

The crypto market witnessed significant fluctuations following the announcement of the FED interest rate decision. Bitcoin's price fell from $69,900 to $68,000, leading to a general decline in altcoins. However, certain market players defied the trend with two meme coins and a popular altcoin.

PEPE Coin's Price Movement

PEPE, which has garnered attention in recent weeks, experienced a over 10% drop in the past seven days due to selling pressure. However, the coin's price performance after the FED decision pleased investors.

In the last 24 hours, PEPE's price rose over 1%, reaching $0.00001311. This suggests a potential recovery from the decline.

PEPE's market capitalization increased to $5.5 billion, while its 24-hour trading volume grew by 5.80% to $1.4 billion, making it the ninth most traded cryptocurrency.

Not Coin's Continued Growth

Not Coin made a notable impact last month. Initially a Telegram bot on the TON network, NOT gained recognition from major exchanges and was quickly listed. Its price briefly reached $0.037 before retracting.

Despite the dip, NOT continues to trade significantly above its launch price of $0.000779. At the time of writing, NOT's price stands at $0.01813, following a 13.82% increase in the last 24 hours.

Its market capitalization is currently $1.8 billion, and its 24-hour trading volume has surged by 45% to $1.2 billion.

Shiba Coin's Positive Trend

SHIB, the second-largest meme coin after Dogecoin, has also defied the market decline. After a 2.68% increase in the last 24 hours, it is trading at $0.00002221.

Although SHIB remains 75% below its all-time high, its recent performance has been welcomed by investors. SHIB's market capitalization continues to exceed $13 billion, while its 24-hour trading volume reached $850 million after a 4% increase.