Bitcoin (BTC) Experiences Volatility Following Fed’s Statement, Altcoins Begin Recovery Phase: Market Analysis

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Bitcoin’s price has seen a significant drop, followed by a brief surge, and then another drop, following the Federal Reserve’s decision not to increase interest rates.
Altcoins such as Solana, Ripple, Polkadot, ICP, PEPE, and others have experienced impressive gains.
Bitcoin’s market dominance has decreased to 50%, while the total crypto market cap has regained around $50 billion.

Explore the latest developments in the crypto market, including Bitcoin’s volatile price movements and the impressive gains of various altcoins.

Bitcoin’s Volatility Continues

Bitcoin’s price has been on a rollercoaster ride in recent days. After trading firmly above $60,000 and even nearing the $65,000 level, the primary cryptocurrency began to lose value amid large outflows of US ETFs and the disappointing debut of Hong Kong-based ones. The situation worsened as Bitcoin slumped to a two-month low of $56,500, resulting in more than $500 million in liquidations.

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