Following the clarification of the announced interest rate decision, a rise in Bitcoin and altcoin prices was observed. Last week, the BTC price had reached the level of $44,000, but had fallen to $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?
After the latest interest rate decision, a remarkable increase in the Bitcoin price occurred. The rise in BTC price was not limited to itself; it also caused increases in some leading altcoin prices by volume, such as XRP, SOL, and ADA. As the article is being written, some altcoins are performing even better.
According to data provided by Binance today, 3 altcoins caught the attention of investors with incredible price movements. Price analysis revealed that these 3 altcoins demonstrated strong performances, with one showing an 80% increase.
The star of today’s price increase was FUNToken (FUN). The altcoin, which quietly hosted market transactions, saw its price rise by 81% to $0.008815. Additionally, there was a 9000% increase in 24-hour volume. After rapid purchases, the static price structure changed abruptly, and the total volume increased by 85%, reaching the $100 million level.
Another altcoin rising in today’s market was Neutron (NTRN), showing a 21% increase. According to Binance data, the altcoin, which experienced a rapid rise, reached the level of $0.93 and attracted the interest of investors. Unlike other listed coins, the 24-hour trading volume decreased by 34%, dropping to $58 million. However, contrary to the 24-hour volume, the total volume of the altcoin increased by 16%, reaching $240 million.
Lastly, investors encountered a rising scenario with BEAM (BEAMX), following BTC. The BEAMX price saw a clear increase of 19.27% compared to the general market rise. After the increase, the price reached $0.023853. An increase was also observed in BEAM’s trading volume. The resulting 24-hour trading volume was $124 million.
