Crypto Prices Today: Bitcoin, BNB, and Pepe Coin Falls After FOMC Decision

The crypto market witnessed a downturn momentum on Thursday, September 21, a day after the U.S. Federal Open Market Committee meeting. The investors seem to be digesting the latest decision by the Federal Reserve on the rate-hike plans, as evident by the losses in the market. However, the crypto market fear and greed index stayed at 42, suggesting a neutral scenario in the market.

Talking about the performances of the cryptos, Bitcoin price was down 0.26% to $27,043.94 during writing, and its volume tumbled 7.62% to $13,090,888,877. However, despite the losses, the crypto maintained a gain of nearly 3.11% over the past week and has gained a bullish outlook from several analysts lately.

On the other hand, the Ethereum price decreased by 0.94% to $1,623.10 on Thursday, and its volume was up 18.03% to $5,212,818,361. The BNB price was down 0.78% to $214.87, and the XRP price slumped 1.08% to $0.5163.

However, the meme coins segment seems to be gaining attention from investors amid a topsy-turvy scenario in the market. The Dogecoin price added 1.18% to $0.06322, and its volume rose 5.38% to $199,720,078. Simultaneously, the Shiba Inu price ticked up 0.90% to $0.000007455 as of writing on Thursday.

Meanwhile, the recent decision of the Federal Reserve, announced on Wednesday, maintained the current interest rates. However, they also signaled an expectation of one more rate hike by year-end and fewer cuts in the coming year than previously suggested.

Should the Fed proceed with this move, it would mark the twelfth rate hike since the tightening of policies began in March 2022. Although the decision not to hike rates was anticipated, there was significant uncertainty regarding the future actions of the rate-setting Federal Open Market Committee.

Based on documents released on Wednesday, it seems the bias leans towards a more restrictive policy stance and a commitment to maintaining higher interest rates for an extended period. Notably, the global crypto market cap tumbled 0.26% to $1.07 trillion on September 21, and its last 24 hours volume rose 1.04% to $28.08 billion.

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Crypto Market Highlights

Pepe Coin (PEPE) Slips About 1%

As of writing, the Pepe Coin price was down 0.79% to $0.0000006333, while its volume from yesterday surged 23.21%. It is among the hottest meme coin in recent days, that has gained notable traction initially. However, due to the hovering concerns in the crypto market, PEPE seems to be continuing its downturn momentum.

Immutable (IMX) Rises Over 35%

The Immutable price added 35.16% to $0.7369 during writing on Thursday, and its last 24-hour volume skyrocketed 1856.02% to $230,905,137. The community seems to have lauded the recent announcement of the project for being live in Japan.

Astar (ASTR) Surges Over 9%

The Astar price noted gains of 9.75% to $0.05735, and its volume from yesterday rocketed 235% to $24,433,416. Although there is no news for today’s surge in the crypto price, it seems that the project is drawing investors’ attention lately, as evident by a jump of over 12% over the past week.

MultiversX (EGLD) Jumps Around 7%

The MultiversX price traded at $27.56 as of writing, after its price surged 7.12% over the past 24 hours. Its volume also skyrocketed 321.11% to $50,091,839 during writing. Meanwhile, the project on the X platform has hinted at some upcoming updates, which might have triggered the recent rally in its price.

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