Altcoin projects are on the rise as Bitcoin (BTC) climbs to local highs after the Fed’s interest rate announcement. However, besides macro developments, it is also necessary to point out new announcements in the ecosystem. In the list below, you can see the stock market listings, updates, and Q&A activities that often affect altcoins. All of them consist of the developments that will take place today. Here are the details…
Here’s what will happen in 15 altcoin projects today
- Hedera (HBAR) will launch its testnet, which it launches every quarter, today.
- LBank lists Parex (PRX) with USDT pair.
- BitMart lists Wasder (WAS) with USDT pair.
- CUBE (ITAMCUBE) launched its game project Golden Bros Grand today.
- Home Coin (HOME) will hold a question and answer event on Twitter Spaces.
- Triall (TRL) will hold a question and answer event on Youtube. The event will start at 17 pm.
- XT.COM lists Locus Chain (LOCUS) in USDT pair at CET.
- FIO Protocol (FIO) is holding community meeting.
- BitMart lists Decentral Games ICE (ICE) with USDT pair.
- LBank lists ASYAGRO (ASY) with USDT pair.
- LBank lists Quint (QUINT) with USDT pair.
- MEXC Global lists AmazingTeamDAO (AMAZINGTEAM) with USDT pair at TS 14.
- Babylons (BABI) will hold its DrivEZ IDO at 15:00 CET.
- KuCoin lists Origin Dollar Governance (OGV) in USDT pair at TS13.
What is the latest situation in the market?
With the US Fed aggressively raising interest rates, the crypto market added nearly $100 billion a day. Unlike previous Fed rate hikes, this time Bitcoin added over $2,000 within an hour to set a new weekly high. ETH climbed above $1,600. Polkadot has made bigger gains from ETC, UNI and others. So altcoins are also doing well on a daily scale. After a relatively quiet weekend when Bitcoin was mainly around $23,000, the workweek started off with a few significant price drops. The first arrived early on Monday and saw $1,000 gone. The second, 24 hours later, mimicked the previous one.
Therefore, BTC dropped below $21,000 to a weekly low. The asset has recovered somewhat. It stalled at around $21,000, but the community was expecting another volatile day after the US Fed’s last meeting last night. Price volatility has indeed come, but unlike some previous examples, it has brought gains for the cryptocurrency. Bitcoin rallied to $22,000 almost instantly. It continued to rise to a 6-day high above $23,000 recorded a few hours ago.
As we have reported as Kriptokoin.com, this led to $400 million in liquidation. Since this local top, BTC has lost some ground. It is now trading just under $23,000. With that, its market cap rose to $440 billion.
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