How digital currencies reacted to Fed decisions, the US Fed raised interest rates by 75 basis points, in line with expectations. After rising to $ 20800 before the decision, bitcoin dropped to $ 20 thousand following the announcement of the text of the resolution and Powell's speech.
While cryptocurrency markets remained more flexible than in previous periods after the hard-line approach, following indications that interest rate increases would continue despite a slowdown in future periods, and that asset reductions would continue, it was noted that U.S. equity markets were adversely priced.
Current cryptocurrency status
According to the current situation, cryptocurrency markets experienced a limited decline in initial reaction. While the total market value maintains a $1 trillion limit, bitcoin's retention of $20,000 support allowed digital currency markets to remain limited in downward motion after the Federal Reserve's current decisions.
Purchases came from the bottom of the day, during Asian trading hours, while bitcoin rose to $20,300.
Decrease in Ethereum Currency Today
Ethereum fell to $1,500 after a brief rise to $1,620 in the past 12 hours. With purchasing reaction from the lowest levels, ETH recorded a rebound of up to $1,550 in the morning.
Of the top 10 currencies, BNB has seen an increase in value of 1 .77% over the past 24 hours, while it is headed towards a $ 330 limit, while digital currency stands in the volatile market. Doug Quinn was the digital currency that fell the most in the top 10. The rapidly rising Doug Quinn last week, after falling 10% yesterday, saw a partial recovery of 4% since today's opening and is now trading in the $0.13 range.
Alternative cryptocurrencies are the solution
Among the top 100 cryptocurrencies, there has been a rapid rise in alternative cryptocurrencies, regardless of the agenda, due to developments related to their internal dynamics. Among them was Aroev, which had risen 65% in the past 24 hours to $ 16.
AR, the original asset of the Arroev Blockchain-based data storage service, rose after Meta (NASDAQ: META) announced that it would use Arroev's solution to store developers' digital collections. The statement was made by Stefan Casserell, Head of Commerce and Financial Technologies, Meta.
Instagram Announces the Creation of a Marketplace for Icons
The emergence of news that Instagram will create a marketplace for non-replaceable symbols shortly, and news that the platform will be built with the support of Polygon Blockchain, has caused the project's distinctive symbol to rise rapidly. Mark also rose 10% over the past 24 hours to $0.95.
Litecoin, one of the oldest digital assets, has also achieved a sudden rise since yesterday. Having seen an increase of 17 .5% in the last 24 hours and risen to a high of $ 65, LTC was moving in the $ 62 range, maintaining its upward outlook in the morning. In the latest developments regarding Playcoin, there has been news that MoneyGram will begin trading cryptocurrencies via its mobile app.
MoneyGram has announced that it will include Litcoin in its cryptocurrency trading service along with Bitcoin and Ethereum.
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