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

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.

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