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Following the removal of uncertainty regarding the interest rate decision for the markets, Bitcoin and altcoin prices have seen an upward movement. Last week, the price of BTC had risen to $44,000 before falling back to around $40,400. After the interest rate decision, the price is currently trading at $42,800. So which altcoins were most affected by the rise in Bitcoin?
<h2 style="text-align: justify" id="top-altcoins-and-price-surge">Top Altcoins and Price Surge</h2>
After the recent interest rate decision, a significant rise was observed in the price of Bitcoin. The increase in BTC’s price not only stayed there but also triggered price increases in some leading altcoins by volume, such as XRP, SOL, <a href="https://en.coin-turk.com/cardano-ada-price-analysis-will-the-midnight-miracle-in-the-top-10-cryptocurrencies-help/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ADA</a>. Some altcoins are currently outperforming all others as of the time of writing.
According to data provided by <a href="https://en.coin-turk.com/new-claim-that-raises-fear-for-binance-it-will-be-worse-than-ever/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> today, 3 altcoins have attracted investors’ attention with incredible price movements. A price analysis revealed that these 3 altcoins showed strong performances, with one increasing by 80%.
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-288765" src="https://coin-turk.com/wp-content/uploads/2023/12/binance-liste-ilk-3.jpeg" alt="" width="473" height="217">
The star of today’s price surge was FUNToken (FUN). The altcoin, which had quietly been hosting market transactions until noon, saw its price rise by 81% to 0.008815. Additionally, there was a 9000% increase in 24-hour volume. The stagnant price structure changed suddenly after rapid purchases, and the overall volume increased by 85%, reaching $100 million.
The reason behind the 9000% increase in trading volume over the last 24 hours is unknown. Following this surge, FUN rose to the 349th spot in market cap rankings, catching the attention of investors.
Another altcoin that rose above the market today was Neutron (NTRN), which increased by 21%. The altcoin, which caught the attention of investors, reached $0.93 shortly after the rise, according to data from Binance. Its 24-hour trading volume dropped by 34%, unlike other coins on the list, falling to $58 million. However, the overall volume of the altcoin increased by 16% to $240 million, contrary to the 24-hour volume.
Lastly, investors encountered a rise in BEAM (BEAMX) that followed Bitcoin’s lead. The price of BEAMX increased by 19.27%, more clearly compared to the general market rise. After the surge, the price reached $0.023853. An increase in BEAM’s trading volume was also observed, with a 24-hour volume reaching $124 million.
<h2 style="text-align: justify" id="latest-on-bitcoin">Latest on Bitcoin</h2>
Bitcoin had seen a relentless increase in previous weeks, but prior to the FED’s interest rate decision, it had given way to a slight pullback, falling to $40,400. Now, we can see the price has risen again to $42,600.
Recent <a href="https://newslinker.co/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">news</a> from the US that interest rates would remain steady had a positive effect on the market, but it didn’t make a very clear impact on prices. In the coming hours, as Asian markets open, we will see what may happen, and what kind of price movements might occur for Bitcoin and altcoins. Continue Reading: <a href="https://en.coin-turk.com/cryptocurrency-market-rally-following-interest-rate-decision/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/cryptocurrency-market-rally-following-interest-rate-decision/</a>

Cryptocurrency Market Rally Following Interest Rate Decision

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