Two days ago, the cryptocurrency market experienced a significant price shift as the value of BTC plummeted to $58,500 for the first time in a considerable amount of time. This decline, which began following the FED’s interest rate decision two weeks prior, marked a new low for the period. As a result of BTC’s drop, altcoins also saw a decrease in value, leading to selling pressure across the market. However, there was a turnaround, and a noticeable price recovery followed. BTC’s price rebounded to $61,700, and altcoins also experienced upward movement. Notably, DOGE emerged as one of the standout meme coins of the day, while two different altcoins in the top 10 were among the day’s biggest gainers.
