Following the FOMC meeting, it appears that investors’ confidence in risky and volatile assets has increased. Today, a significant rise in cryptocurrency prices is being carefully monitored by investors.
Markets experienced an upturn as the Federal Reserve (Fed) did not change interest rates for the third consecutive time. This situation indicates an increase in market confidence among crypto traders and investors.
Bitcoin‘s price showed a neutral movement today, with a 0.10% increase to the level of $42,767.35. The rise in market confidence is preventing a decline in Bitcoin’s price, and investors continue to be hopeful about a price increase in the near future.
A leading altcoin like Ethereum experienced a 1.2% price increase within 24 hours, trading at $2,276 and its market value surged by 14.51% reaching $12.91 billion. Another significant altcoin, XRP, also rose by 1.64% to $0.6343.
An important altcoin like Solana (SOL) brought joy to its investors with a 6.78% increase in the last 24 hours. Solana is currently trading at around $74, and its volume increased by 20.24% reaching $2.57 billion.