Bitcoin BTC/USD, the world’s most valued cryptocurrency, managed to surpass the $23,000 mark on Thursday morning following the Fed’s rate decision.
The US Federal Reserve boosted interest rates by 0.75% on July 27 in a bid to contain the surging inflation level.
The global cryptocurrency market capitalization also surpassed the $1 trillion level on Thursday following the Fed’s announcement.
Ethereum ETH/USD, the second-biggest cryptocurrency, meanwhile, surged back above the $1,600 level on Thursday.
Lido DAO LDO/USD was the top gainer over the prior 24 hours, while Pax Dollar USDP/USD recorded the biggest decline.
At the time of writing, the global cryptocurrency market capitalization increased to $1.06 trillion, notching a 24-hour surge of about 8.5%. BTC was trading higher by around 1.8% to $23,195, while ETH climbed around 2.8% to $1,646.00 on Thursday.
Investors are now awaiting earnings results from Amazon.com, Inc. AMZN, Apple Inc. AAPL and Mastercard Incorporated MA, scheduled for release today.
Here are the top ten crypto gainers and losers over the past 24 hours:
Gainers
Price: $2.16
24-hour gain: 43.4%
Price: $27.18
24-hour gain: 27.2%
Price: $3.78
24-hour gain: 27.1%
Price: $4.44
24-hour gain: 24.9%
Price: $8.28
24-hour gain: 24.4%
Losers
Price: $0.9998
24-hour drop: 0.2%
Price: $1.00
24-hour drop: 0.1%
Price: $1
24-hour drop: 0.1%
Price: $0.9998
24-hour drop: 0.1%
Price: $0.9999
24-hour drop: 0.1%
Image and article originally from www.benzinga.com. Read the original article here.