The crypto market rallied post-FOMC. As of now, $BTC is trading at $86,841, and $ETH is trading at $2,056. Bitcoin dominance stands at 61.64%.
The Fed has decided to hold rates as expected. The dot plot showed a 50bps rate cut this year, and the Fed will slow the pace of balance sheet runoff to $5B. The Fed also reduced its 2025 growth projections and marked up the 2025 inflation forecast to 2.7%.
A few notable headlines include: Kraken is nearing a $1.5 billion acquisition of the U.S. retail futures trading platform NinjaTrader, Binance announced the launch of a community voting mechanism for token listings, and Ripple CEO Brad Garlinghouse stated that the SEC will drop its appeal.
Over the past 24 hours, the top three gainers were $FARTCOIN, $TEL, and $PLUME, while the top three losers were $CAKE, $JST, and $TRX.
