Will altcoins recover after the Fed rate decision?

Will altcoins recover after the Fed rate decision?

In the past 24 hours, Bonk [BONK] topped the list of sell-offs with a 10% dump, while Pepe [PEPE] and Dogecoin [DOGE] shed 4% and 3% respectively. 

Among the top layer 1 chains, declined 3%, followed by Cardano [ADA] at 2.6% and Solana [SOL] at 2.2%. 

The overall altcoin market lost $50 billion in the past 48 hours after dropping from $1.57 trillion to $1.52 trillion. 

Over the same period, the de-risking also triggered a slight dip in aggregated Open Interest (OI) across all exchanges and all crypto assets, from $101 billion to $97 billio

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