Bitcoin Reclaims $29K After Fed's Latest Interest Rate Hike: Market Watch

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The newly-launched SUI token experienced enhanced volatility in its first day of trading.

Although BTC remained relatively flat immediately after yesterday’s FOMC meeting, the asset spiked in the following hours and reclaimed $29,000.

The altcoins have also turned green with minor daily increases. FTM has jumped the most from the mid-cap alts.As April was coming to its end, bitcoin initiated a leg up that drove it to $30,000. However, the bears intercepted the move and pushed the asset south hard. As such, BTC found itself slipped to $27,600 just a few days later.$28,000 decisively. More volatility was expected later on when the US Federal Reserve was set to meet and announce perhaps another interest rate hike.

Binance Coin, Cardano, Dogecoin, Polygon, Solana, Polkadot, Shiba Inu, and Avalanche are also slightly in the green on a daily scale. FTM has risen by over 6% in the past 24 hours, making it the best performer from the top 50. The highly-anticipated SUI token alsoyesterday as the mainnet went live, and it pumped to $3.5 before it dumped to under $1.5 hours later.

Overall, the total crypto market cap has neared the $1.2 trillion mark after gaining around $15 billion daily.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BRC20 Token Standard Sparks Frenzy in Bitcoin Community With Market Cap Surpassing $95 Million – Bitcoin NewsThe Bitcoin community is abuzz with conversations surrounding the BRC20 token standard as it garnered substantial attention in the past week.
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin, Ethereum Technical Analysis: BTC Moves Below $28,000 Ahead of FOMC Decision – Market Updates Bitcoin NewsBitcoin fell below the $28,000 level on Tuesday, as markets continued to prepare for tomorrow’s Federal Reserve interest rate decision.
Source: BTCTN - 🏆 531. / 51 Read more »