Tokens such as WLFI, Pi Network, and DEXE recorded the steepest losses over the past 24 hours, each falling by double digit percentages.
Bitcoin Recovers After Federal Reserve Driven Dip
Bitcoin experienced notable volatility despite the Federal Reserve maintaining interest rates as widely anticipated. The asset dropped to a multi day low just below 75,000 dollars before managing to recover by roughly 1,000 dollars.
At the start of the week, Bitcoin showed strength by climbing from around 77,500 dollars over the weekend to nearly 79,500 dollars on Monday. However, the upward move was short lived as selling pressure quickly erased the gains, pushing the price back down.
The decline continued with another drop to about 76,500 dollars, followed by further weakness on Tuesday when it briefly slipped under 76,000 dollars. A short recovery brought it close to 78,000 dollars ahead of the closely watched FOMC meeting on Wednesday.
After confirmation that interest rates would remain unchanged, Bitcoin fell again, dipping below 75,000 dollars before rebounding slightly. Despite the recovery, it remains down more than 1 percent overall. Its market capitalization now stands near 1.52 trillion dollars, while its dominance over alternative cryptocurrencies is about 58 percent.
Altcoins See Broad Losses While RAIN Moves Higher
Among larger alternative cryptocurrencies, Ethereum declined by around 3 percent to approximately 2,250 dollars. HYPE also dropped by about 2.5 percent, losing its 40 dollar support level.
Other major assets including BNB, XRP, Solana, Cardano, Bitcoin Cash, and Chainlink posted moderate losses between 1 and 2 percent.
WLFI recorded the sharpest drop among the top 100 cryptocurrencies, falling more than 16 percent to around 0.06 dollars following concerns linked to a questionable partnership. PI also declined significantly, losing about 11 percent and dropping to roughly 0.175 dollars after failing to break above the 0.20 resistance level a day earlier.
In contrast, RAIN stood out by moving against the broader market trend, gaining about 6 percent and approaching 0.008 dollars.
Total Market Value Declines
The overall cryptocurrency market capitalization has decreased by more than 60 billion dollars since the previous day, settling at approximately 2.62 trillion dollars.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
