Crypto Price Today: Cardano(ADA), Shiba Inu, Dogecoin Skyrocket

Crypto Price Today Latest Updates: The crypto market is showing strength. The market saw a strong crypto rally after a long crypto winter. Bitcoin surged by 5% in the last 24 hours and crossed the $20K mark. It is currently trading at $20,275.

The altcoins outpaced Bitcoin as the market saw a strong surge. The Cardano(ADA) price surged by over 10% in the last 24 hours as it showed incredible strength in the crypto rally. ADA is trading at $0.3991 and is set to break the $0.40 mark.

Meme coin Shiba Inu is trading at $0.00001046 as it surged by 5% in the last day. It continues to show strength as the $SHIB price increased by over 1% in the last hour.

Biggest Winners As Crypto Price Skyrockets Today

Ethereum was one of the biggest winners of the crypto market. ETH surged by 10% in the last 24 hours and is skyrocketing toward its pre-merge levels. It is currently trading at $1489.

Dogecoin($DOGE) is another big winner of yesterday’s crypto rally. It roared by 9.17% in the last day and by over 2% in the last 7 days. DOGE is trading at $0.0658. Both Solana and Polkadot skyrocketed in the rally by over 9% and are priced at $31.19 and $6.49 respectively.

Toncoin saw the biggest gain of any token in the last 24 hours. It skyrocketed by over 20% in the last 24 hours and by over 44% in the last 7 days. It is currently priced at $1.81.

How Long Will The Crypto Rally Last

The crypto market reversed weeks of sluggishness and showed strong bullish sentiments. The big question for the market now remains whether the next Fed interest rate hike is already priced in. Reports highlighted that the Federal Reserve has decided on another mega hike of 75 bps. As a result, the crypto market crashed.

If the hike is priced in, the crypto rally can sustain. However, the Federal Reserve will continue to remain hawkish as the latest inflation data highlights Fed’s losing battle to curb soaring prices.