{"id":198249,"date":"2023-11-22T10:59:27","date_gmt":"2023-11-22T05:29:27","guid":{"rendered":"https:\/\/dripp.zone\/news\/market-slips-as-btc-cake-pepe-coin-decline-after-fomc-minutes-crypto-news\/"},"modified":"2023-11-22T10:59:29","modified_gmt":"2023-11-22T05:29:29","slug":"market-slips-as-btc-cake-pepe-coin-decline-after-fomc-minutes-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/market-slips-as-btc-cake-pepe-coin-decline-after-fomc-minutes-crypto-news\/","title":{"rendered":"Market Slips As BTC, CAKE, & Pepe Coin Decline After FOMC Minutes – Crypto News"},"content":{"rendered":"

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The crypto prices today were in the red after the latest FOMC minutes seem to have forced the investors to trade cautiously amid the ongoing uncertainties in the market. Notably, the declines in most of the major cryptocurrency<\/a> prices signaled a potential shift in the investors\u2019 sentiment in the market.<\/p>\n

Meanwhile, during their recent policy meeting, US Federal Reserve officials unanimously opted to maintain interest rates, expressing caution due to concerns about the impact on households and businesses, and pledging a vigilant approach to inflation control. However, the officials haven\u2019t suggested anything possible rate cuts at the latest minutes, which seems to have weighed on the market sentiment.<\/p>\n

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In the current market scenario, the Bitcoin price<\/a> fell 3% over the last 24 hours to $36,356.49 during writing, while its volume over the last 24 hours rose 31.46% to $27.20 billion. However, despite the recent loss, the crypto\u2019s price added nearly 20% over the last 30 days.<\/p>\n

In addition, the Ethereum price<\/a> plunged 1.72% to $1,982.41 during writing, while its volume over the last 24 hours was up 10.65% to $14.32 billion. Simultaneously, the BNB price<\/a> lost 11.14% and traded at $233.92 as of writing, while its volume surged 64.66% from yesterday to $2.51 billion.<\/p>\n

The XRP price<\/a> plummeted 3.72% to $0.5927 during writing, while the Solana price<\/a> fell 3.43% to $54.05. On the other hand, the Cardano price<\/a> noted a slump of 3.85% to $0.37 as of writing on November 22, while its trading volume soared 6.90% to $443.22 million at the same time.<\/p>\n

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The meme coin segment was also in the negative territory amid a slump in most of the top crypto prices. The Dogecoin price<\/a> was down 3.89% to $0.07412 as of writing on Wednesday, with its trading volume soaring 20.42% to $846.02 million. On the other hand, the Shiba Inu price<\/a> plummeted 5.05% to $0.000007999 at the same time.<\/p>\n

The decline in most of the major crypto prices has also dragged down the performance of the overall crypto market. As of writing on November 22, the global crypto market cap plunged 2.90% to $1.38 trillion, while the total crypto market volume jumped 24.84% over the last 24 hours to $69.28 billion. Also, the market\u2019s fear and greed index slipped to 67 from around 74 yesterday.<\/p>\n

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Also Read: BNB Coin Tanks 12% As Binance Sees ~$1 Billion Outflows, What\u2019s Next?<\/a><\/strong><\/p>\n

The Top 4 Cryptos For Today Are<\/h2>\n

Pepe Coin (PEPE) Slips 4%<\/h3>\n

The Pepe Coin price<\/a> plunged 4.07% and traded at $0.000001078 during writing on Wednesday, while its trading volume over the last 24 hours rose 5.48% to $103.77 million. The decline in the crypto\u2019s price seems to be due to bearish sentiment in the broader meme coins segment. Notably, the crypto has lost nearly 7% over the last seven days.<\/p>\n