Today, there has been a noticeable increase in cryptocurrencies. One reason for this is the decisions made during the recent Fed meeting held yesterday. The statement made by the Federal Reserve received support from investors.
During the FOMC meeting held on Wednesday, the central bank announced that the interest rate decision was unanimous and kept the interest rates unchanged. This was expected among market participants. The decision to follow 11 interest rate hikes, with 4 of them taking place in 2023, drew attention.
Current Situation in Crypto Currencies
As of Thursday, at the time of writing, the price of Bitcoin was trading at $35,363.40 with a 2.77% increase, and the trading volume increased by 60.64% in the last 24 hours, reaching $25.03 billion. Market value increased by 2.80% during this period, reaching $690.77 billion.
Ethereum also followed Bitcoin and experienced a 2.29% increase in its price. After the increase, the price was trading at $1,846.22. Daily volume increased by 66.85% to reach $11.38 billion. In addition, the price of XRP, one of the leading coins, also increased by 3.24% to $0.606. Another top 10 coin, Solana, experienced a 9.94% increase and reached $41.82.
Dogecoin was no different and its price increased by 2.62% to $0.06889. Interestingly, after the increase, there was a 0.23% decrease in volume, which declined to $483.85 million. On the other hand, the price of Shiba Inu is trading at $0.000007959 with a 3.53% increase.
Top Altcoins of the Day
Pepe Coin also benefited from the upward trend in the market and witnessed a significant increase on November 2nd. The price of Pepe Coin is trading at $0.000001155 with a 2.62% increase. The trading volume in the last 24 hours increased by 34.39% to $159.71 million. Celestia has been attracting attention for days. Its price increased by 21.28% to $2.74 and became one of the biggest gainers of the day.
Aave had a similar picture to Celestia. On November 2nd, it traded at $98.15 with a 20.43% increase and became one of the biggest winners of the day. The trading volume in the last 24 hours increased by 267.9% to $357.96 million. There was also a noticeable increase in market value, which increased by 20.56% to $1.43 billion.
Uniswap also benefited from the recent price increase and was observed to be on the radar of investors. Uniswap price increased by 12.51% and was trading at $4.61 at the time of writing.
