Bitcoin Falls Below $27,000 Following Fed Decision; Toncoin Becomes Top Loser

Author: Lisa Levin | September 21, 2023 09:42am

Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices trading below the $27,000 level on Thursday.

Ethereum (CRYPTO: ETH) also moved lower, trading above the key $1,600 mark this morning.

The U.S. Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range at its September meeting.

Immutable (CRYPTO: IMX) was the top gainer over the prior 24 hours, while Toncoin (CRYPTO: TON) turned out to be the biggest loser.

At the time of writing, the global crypto market cap fell to $1.06 trillion, recording a 24-hour decline of 1.4%. BTC was trading lower by 1.3% at $26,750 while ETH fell by around 2.2% to $1,594 on Thursday.

Here are the top ten crypto gainers and losers over the past 24 hours:

Gainers

Immutable (CRYPTO: IMX)
Price: $0.6692
24-hour gain: 24%

MultiversX (CRYPTO: EGLD)
Price: $26.29
24-hour gain: 3.1%

Algorand (CRYPTO: ALGO)
Price: $0.0973
24-hour gain: 2.8%

Nexo (CRYPTO: NEXO)
Price: $0.5775
24-hour gain: 2.6%

UNUS SED LEO (CRYPTO: LEO)
Price: $3.87
24-hour gain: 2.3%

Losers

Toncoin (CRYPTO: TON)
Price: $2.32
24-hour drop: 6.8%

Optimism (CRYPTO: OP)
Price: $1.30
24-hour drop: 6.2%

eCash (CRYPTO: XEC)
Price: $0.00002397
24-hour drop: 6%

THORChain (CRYPTO: RUNE)
Price: $1.77
24-hour drop: 5.6%

Gala (CRYPTO: GALA)
Price: $0.01335
24-hour drop: 4.7%

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Posted In: $ALGO $BTC $EGLD $ETH $IMX $OP $RUNE $XEC