The Crypto Money Market focuses on the US Federal Reserve (FOMC) interest rate decision and continues to exhibit volatility movements. Bitcoin (BTC) regained the $ 102,000 level during the day, while leading Altcoin projects have gathered the wavy movements of the last few days. The breast coin market fluctuated in accordance with the general market and gave recovery signals.
Markets on the pre -FOMC rise
According to CME Fedwatch data, the probability of a change in interest rates is expected to be 97.3 %at this meeting. However, it is stated that this projection may not benefit crypto currencies with risk assets. While investors approached these expectations in a cautious way, large liquidations and wavy price movements have been observed in the market in recent days. However, the global crypto market value has shown a slight recovery with an increase of 0.5 %since yesterday. The total transaction volume increased by 83 %and reached $ 194.97 billion.
Bitcoin price increased by about 1 %in the last 24 hours, currently traded at $ 102,633. The lowest and highest levels of BTC in the day were recorded as 97,795 dollars and $ 102,868, respectively. The market domination of the leading crypto currency was measured as 58.01 %. Crypto analyst Ali Martinez claimed that BTC could reach up to $ 211,000 in this bull cycle. This optimistic estimate is inspired by Bitcoin’s historical tendencies.
Ethereum is currently trading for $ 3,213 by gaining close to 4 %. Donald Trump’s 3,247 ETH purchase during the last decline of Liberty Financial increased optimism among investors. Analyst Ali Martinez said that 13 mega whales have participated in the network in the wax and each of them has more than 10,000 ETH. The XRP gained 10 %in the last 24 hours and reached $ 3.09. The lowest and highest levels in the day were recorded as 2.71 dollars and $ 3.11, respectively. XRP’s transaction volume increased by 190 %and reached $ 15.38 billion. The information that whales purchased 120 million XRP during the last decline supports expectations for the price increase.
Some Altcoin projects experienced significant rise
Doge reached $ 0.3356 with a 2 %rise and reached $ 0.00001917 with an increase of 3 %. Trump Token is traded for $ 30.21, gaining 11 %, while some breast coins such as Pudgy Penguins continue to be traded in the negative area. Among the largest subcoins according to the market value, the winners are as follows:
- Jupiter (JUP):$ 1.18 (+16%)
- Kucoin Token (KCS):14.46 dollars (+13%)
- Hyperliquid (Hype):$ 23,55 (+12%)
- XDC Network (XDC):0.1116 dollars (+10%)
