B4Bit

06/19 11:22

Altcoins Stagnate (Market Watch)

The US Federal Reserve kept rates unchanged. Bitcoin and major altcoins are in stagnation.

The Fed did note some changes in its economic outlook, though, so let’s take a closer look at the events that transpired throughout the past 24 hours.

Altcoins Stagnate :-

Perhaps somewhat expectedly, the altcoins market is also stagnating and failed to chart any notable moves throughout the past 24 hours.

As you can see in the heatmap below, most of the alternative cryptocurrencies are trading at more or less breakeven, with a few notable exceptions, of course.

For example, Uniswap’s native token – UNI – managed to increase by more than 5%, defying the market slowdown, which is up by almost 8%.

On the other hand, Hyperliquid’s HYPE continues crashing and is down another 7% in the past 24 hours, currently trading below $38. 

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