The Fed’s eagerly awaited interest rate decision was announced. After the decision to keep the rates unchanged, attention turned to cryptocurrencies. Following the announcement, there was a noticeable increase in cryptocurrency prices. Bitcoin price soared to $59,400 within minutes after the decision but then fell back to $57,590. Which altcoins capitalized on this price increase?
Wormhole (W) Price Outlook
Leading the list of top gainers in the last 24 hours was Wormhole (W). W’s price saw a 13% increase over the past 24 hours, trading at $0.661.
Despite a 2.91% drop in the last hour, W has shown a 19.18% rise over the past week, proving to be a wise choice even amidst market declines.
Additionally, following the rise, Wormhole’s market cap reached $1.189 billion, with a trading volume of $267 million over the last 24 hours.
How Much Is Hedera (HBAR) Now?
An incredible development occurred in the market last week. Later, it was stated that there was a misunderstanding, centered around news involving Blackrock, after which Hedera (HBAR) experienced an incredible rise but then significantly retracted.
Despite the pullback, HBAR has seen a 12% increase in the last 24 hours. Following the rise, it was ranked second on the CMC list of top gainers over the last 24 hours.
After the incredible rise, the price change over the past seven days indicates an 18% decrease. HBAR’s market cap was $3.68 billion, with a trading volume of $300 million over the last 24 hours.
Buying Support in Optimism (OP)
Today, the market focused on OP following a $90 million purchase news related to a16z. OP’s price quickly rose to $2.62 but then experienced a price pullback.
As of the time of writing, after a 10.93% increase in the last 24 hours, the price of OP was $2.55. Optimism’s market cap rose to $2.66 billion following the price increase, moving up to the 39th rank in the market.
Optimism’s (OP) 24-hour trading volume saw a 121% increase, rising above $661 million. This reflects the positive buying pressure created on investors by a16z’s $90 million investment.
