Market Reacts to FED Interest Rate Decision
Release: 2024/06/13 08:09 Reading: 316
Market Reacts to FED Interest Rate Decision
Following the announced FED interest rate decision, the cryptocurrency market experienced significant movement. Bitcoin's price fell from $69,900 to $68,000, triggering a decline in altcoins. However, certain market participants challenged this trend, with two meme coins and a prominent altcoin moving against it.
PEPE Coin Price
PEPE, which has been in the spotlight recently, faced selling pressure after reaching its ATHs. In the past seven days, it has declined by over 10%. Despite the overall market decline, PEPE's price movements have pleased investors.
In the past 24 hours, PEPE's price has increased by over 1% to $0.00001311. This may indicate that whales are pausing cryptocurrency sales.
PEPE's market cap has risen to $5.5 billion, and its 24-hour trading volume has increased by 5.80% to $1.4 billion, ranking it 9th among traded cryptocurrencies.
Not Coin's Current Status
Not Coin made a notable impact last month. As a Telegram bot on the TON network, NOT attracted attention from major exchanges and was quickly listed. Its price reached $0.037 but experienced a pullback.
NOT continues to trade well above its launch price of $0.000779. At the time of writing, NOT's price is $0.01813, reflecting a 13.82% increase in the past 24 hours.
Its market cap is $1.8 billion, and its 24-hour trading volume has jumped by 45% to $1.2 billion.
Shiba Coin Price in TL
SHIB, the second-largest meme coin after DOGE, has shown signs of recovery from its decline earlier this week.
In the past 24 hours, SHIB has gained 2.68% to trade at $0.00002221. Investors view this positively, although it remains 75% below its ATH. In Turkish lira (TRY), SHIB is trading at 0.00072110 TL.
SHIB's market cap remains above $13 billion, and its 24-hour trading volume has increased by 4% to $850 million.
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