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

In Brief

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

  • PEPE's price rose to $0.00001311 after a 1% increase.

  • SHIB's price is at $0.00002221 after a 2.68% rise.

COINTURK NEWS
COINTURK NEWS 2 years ago
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A significant movement occurred in the cryptocurrency market following the announcement of the 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. Two meme coins and a recently popular altcoin are moving against the market trend.

Contents
What Is the PEPE Coin Price?Not Coin Latest StatusWhat Is the Shiba Coin Price in TL?

What Is the PEPE Coin Price?

PEPE, which attracted all attention in the last two weeks, couldn’t withstand the intense selling pressure after reaching its ATHs and experienced a drop of over 10% in the last 7 days. After today’s announcement, while the entire market was falling, the price movement in PEPE pleased its investors.

PEPE’s price is at $0.00001311 after a rise of over 1% in the last 24 hours. This situation can also be interpreted as whales taking a breather from selling in the cryptocurrency that has been declining for days.

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

Not Coin Latest Status

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 received quick listings. Following this, its price momentarily rose to $0.037 but then quickly pulled back.

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

Additionally, its market cap stands at $1.8 billion, while its 24-hour trading volume reached $1.2 billion with a 45% increase.

What Is the Shiba Coin Price in TL?

Lastly, looking at the price of SHIB, positioned as the second-largest meme coin after DOGE in the cryptocurrency world, we see a movement contrary to the market. SHIB seems to have recovered from the decline it experienced at the beginning of the week.

After a 2.68% rise in the last 24 hours, it is trading at $0.00002221, which was positively received by investors. However, it is worth noting that SHIB is still 75% away from its ATH. In terms of TRY, SHIB is trading at 0.00072110 TL.

On the other hand, SHIB’s market cap continues to stay above $13 billion, while its 24-hour trading volume reached $850 million with a 4% increase.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
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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