FUNToken

Bitcoin

Neutron

Following the clarity brought by the interest rate decision announced for the markets, Bitcoin and altcoin prices began to rise. Last week, the BTC price had risen to $44,000 before falling to $40,400. After the interest rate decision, the price is now trading at $42,800. So which altcoins were most affected by the rise in Bitcoin? 
<h2 style="text-align: justify" id="top-altcoins-and-their-price-surge">Top Altcoins and Their Price Surge</h2> 
Following the interest rate decision announced in the last few hours, a noticeable increase in Bitcoin’s price occurred. The rise in BTC’s price not only limited to itself but also triggered increases in the prices of some leading altcoins by volume such as XRP, SOL, and <a href="http://en.coin-turk.com/cardano-ada-price-analysis-recent-data-indicates-upside-movement-for-ada-coin/" data-wpel-link="internal">ADA</a>. Some altcoins are performing even better as of the time of writing. 
According to data provided by <a href="http://en.coin-turk.com/shift-in-the-crypto-ecosystem-under-sec-influence-binance-web3-hub-in-uae/" data-wpel-link="internal">Binance</a> today, 3 altcoins attracted investors’ attention with incredible price movements. A price analysis revealed that these 3 altcoins displayed strong performances, with one surging 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"> 
Today’s star in terms of price increase was FUNToken (FUN). The altcoin, which had been quietly hosting market transactions until noon, saw its price increase by 81% to $0.008815. Additionally, there was a 9000% increase in 24-hour volume. The stagnant price structure changed suddenly after rapid purchases, resulting in an 85% increase in overall volume, reaching the $100 million level. 
The cause of the 9000% increase in transaction volume over the last 24 hours is unknown. Following this surge, FUN’s market cap ranking rose to 349th, drawing the attention of investors. 
Another altcoin rising in today’s market is Neutron (NTRN), which increased by 21%. The altcoin, which caught the attention of investors, reached a level of $0.93 following a quick surge according to data from Binance. Unlike other coins listed, its 24-hour transaction volume fell by 34% to $58 million. However, the altcoin’s overall volume increased by 16% to $240 million, contrary to the 24-hour volume. 
Finally, investors also faced a rising scenario in BEAM (BEAMX), which followed BTC. The BEAMX price increased by a clear 19.27% compared to the general market rise. After the rise, the price reached $0.023853. An increase in BEAM’s trading volume was also observed. The transaction volume that emerged in 24 hours was $124 million. 
<h2 style="text-align: justify" id="the-latest-on-bitcoin">The Latest on Bitcoin</h2> 
Prior to the FED’s interest rate decision, Bitcoin had seen a relentless increase in the past weeks, which then gave way to a slight pullback, causing the price to fall to $40,400. At this point, we can see that the price has risen again to $42,600. 
The recent <a href="https://newslinker.co/" data-wpel-link="exclude">news</a> from the US that the interest rate will stay fixed had a positive effect on the market, but it did not leave a very clear impact on the prices. In the coming hours, as the Asian markets open, we will see what may happen, and what kind of price movements might occur in Bitcoin and altcoins specifically. Continue Reading: <a href="https://en.coin-turk.com/market-response-to-interest-rate-decision-and-altcoin-surge/" data-wpel-link="internal">https://en.coin-turk.com/market-response-to-interest-rate-decision-and-altcoin-surge/</a>

Market Response to Interest Rate Decision and Altcoin Surge

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