Cryptocurrency markets are rallying as the Fed holds rates, but growth forecasts dip and inflation expectations rise.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $85,363.30 | +4% |
| Ethereum (CRYPTO: ETH) | $2,032.89 | +7.2% |
| Solana (CRYPTO: SOL) | $132.66 | +7% |
| XRP (CRYPTO: XRP) | $2.48 | +10.4% |
| Dogecoin (CRYPTO: DOGE) | $0.1740 | +5.1% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001281 | +3.3% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 0.01% and daily active addresses falling by 5.8%. Transactions greater than $100,000 are down from 9,291 to 9,552 in a single day. Exchanges netflows are down by 367.09%.
- Coinglass data reports 89,191 traders were liquidated in the past 24 hours for $267.94 million.
- Crypto chart analyst Ali Martinez noted that the Bitcoin short-term holders are in panic, as indicated by 118,000 BTC moved off in a month.
Notable Developments:
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