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COINTURK NEWS > Altcoin News > Market Reacts to FED Interest Rate Decision
Altcoin NewsMeme Token

Market Reacts to FED Interest Rate Decision

In Brief

  • Bitcoin's price dropped from $69,900 to $68,000.

  • PEPE's price increased by over 1% in the last 24 hours.

  • SHIB is trading at $0.00002221 after a 2.68% increase.

COINTURK NEWS
COINTURK NEWS 12 months ago
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A significant movement occurred in the cryptocurrency market following the announced FED interest rate decision. Bitcoin’s price dropped from $69,900 to $68,000, triggering a clear decline in altcoins. Despite this, some market participants challenged BTC, with two meme coins and a notable altcoin moving against the trend.

Contents
What is the Price of PEPE Coin?Current Status of Not CoinWhat is the Price of Shiba Coin in TL?

What is the Price of PEPE Coin?

PEPE, which has been in the spotlight for the past two weeks, faced intense selling pressure after reaching its ATHs and experienced a decline of over 10% in the last seven days. However, following today’s decision, the price movement in PEPE pleased its investors despite the overall market decline.

PEPE’s price increased by over 1% in the last 24 hours, reaching $0.00001311. This situation can be interpreted as whales taking a breather from selling the cryptocurrency that has been declining for days.

PEPE’s market cap rose to $5.5 billion following this increase, while its 24-hour trading volume increased by 5.80% to $1.4 billion, making it the 9th most traded cryptocurrency.

Current Status of Not Coin

Not Coin made a significant impact last month. Emerging as a Telegram bot on the TON network, NOT caught the attention of major exchanges and was quickly listed. Its price surged to $0.037 but then rapidly pulled back.

NOT continues to trade well above its launch price of $0.000779. As of the time of writing, NOT’s price is $0.01813, following a 13.82% increase in the last 24 hours.

Additionally, its market cap stands at $1.8 billion, while its 24-hour trading volume increased by 45% to $1.2 billion.

What is the Price of Shiba Coin in TL?

Lastly, looking at SHIB, the second-largest meme coin after DOGE, we see a movement against the market trend. SHIB appears to have recovered from the decline it experienced at the beginning of the week.

Following a 2.68% increase in the last 24 hours, SHIB is trading at $0.00002221, which investors view positively. However, it is still 75% below its ATH. In terms of TRY, SHIB is trading at 0.00072110 TL.

On the other hand, SHIB’s market cap remains above $13 billion, while its 24-hour trading volume increased by 4% to $850 million.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 13 June, 2024 - 3:09 am 13 June, 2024 - 3:09 am
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