Cryptocurrency Market Reacts to FED Interest Rate Decision
Release: 2024/06/13 08:09 Reading: 896
Cryptocurrency Market Responds to FED Rate Announcement
Following the announcement of the Federal Reserve's interest rate decision, the cryptocurrency market experienced significant movement. Bitcoin's price fell from $69,900 to $68,000, triggering a widespread decline in altcoins. However, certain market participants bucked the trend.
PEPE Coin bucks the Market
PEPE, which has been the center of attention in recent weeks, initially faced selling pressure after reaching its all-time high (ATH). It experienced a drop of over 10% in the past week. Notably, despite today's negative market sentiment, PEPE's price surged.
PEPE's current price is $0.00001311, representing an increase of over 1% in the last 24 hours. This suggests that whales may be pausing their profit-taking in the previously declining cryptocurrency.
PEPE's market capitalization has risen to $5.5 billion, while its 24-hour trading volume has reached $1.4 billion, a 5.80% increase. This surge ranks PEPE as the ninth most traded cryptocurrency.
Not Coin Maintains Momentum
Not Coin has made a significant impact since its launch last month. Originally a Telegram bot on the TON network, NOT quickly gained traction on major exchanges. Its price briefly touched $0.037 before retracing.
Despite the pullback, NOT continues to trade well above its launch price of $0.000779. At the time of writing, its price stands at $0.01813, following a 13.82% increase in the last 24 hours.
Not Coin's market capitalization is currently $1.8 billion, with a 24-hour trading volume of $1.2 billion, representing a 45% increase.
Shiba Coin Recovers
SHIB, the second-largest meme coin after DOGE, has also defied the market trend. It has recovered from its decline earlier this week.
SHIB's price has risen by 2.68% in the last 24 hours, currently trading at $0.00002221. This price action has been met with optimism from investors, although SHIB remains approximately 75% below its ATH.
In terms of its value against the Turkish Lira (TRY), SHIB is trading at 0.00072110 TRY.
SHIB's market capitalization remains above $13 billion, while its 24-hour trading volume has reached $850 million, a 4% increase.
Recent news
More>- 5 Best Crypto Presale Coins for 2025 [Updated List for 2025] 11-29
- Ethereum Meme Coin Watch: CatSlap +20%, Pepe +7% as ETH Outperforms Bitcoin 11-29
- Whales Dumping Pepe Coin As Prices Correct, Time To Sell? 11-29
- Binance Launches ‘PayDay’ Global Crypto Shopping Event with $200K Crypto Cashback 11-29
- Ethereum price up 15%—here are the meme coins to watch this altcoin season 11-29
- Dogen (DOGEN): Experts Predict 25,000% Returns – Outshining DOGE and SHIB in 2025! 11-29
- How Dogecoin Overtook Porsche in Market Cap, Hitting $54.7 Billion Milestone 11-29
- Is PEPE Price Breakout Imminent? Analyst Predicts It’s About to Go Crazy—Here’s Why! 11-29
- Next Bonk? Dogen on Track for 15,000% Gains by 2025 – Don’t Miss the Rocket! 11-28
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com