With the uncertainty surrounding interest rate decisions cleared up, Bitcoin and altcoin prices experienced a relief rally. Last week, the price of BTC climbed to $44,000 but then retracted to $40,400. Following the interest rate decision, the price is currently trading around $42,800.
After the announcement of the interest rate decision, there was a notable increase in the price of Bitcoin in the last few hours. The rise in BTC’s price was not limited to itself; leading altcoins by volume such as XRP, SOL, ADA also saw price increases. At the time of writing, some altcoins were exhibiting performances that outpaced all others.
According to data provided by Binance, today three altcoins attracted investors’ attention with incredible price movements. The price analysis showed that these three altcoins demonstrated strong performances, with one of them showing an 80% increase.
The star of the day in terms of price increase was FUNToken (FUN). The quietly trading altcoin surged by 81% to $0.008815. Additionally, there was a 9000% increase in 24-hour trading volume. After rapid purchases, the price structure stalled and then saw a sudden change, with the total volume increasing by 85% to reach $100 million.
Another rising altcoin in today’s market was Neutron (NTRN) with a 21% increase. The altcoin that caught the interest of investors reached $0.93, according to Binance data, following its rapid increase. Unlike other coins listed, its 24-hour trading volume decreased by 34% to $58 million. However, the total volume of the altcoin increased by 16% compared to the 24-hour volume, reaching $240 million.
