Japan's interest rate hike implementation triggers a rebound in the crypto market, with some altcoins strengthening

LIGHT2,5%
SOPH9,59%
RESOLV5,73%
WET2,41%

BlockBeats News, December 20 — According to market information, Japan’s interest rate hike officially took effect yesterday, triggering a rebound in the crypto market, with some altcoins beginning to strengthen. LIGHT surged over 70% in a single day, currently trading at $2.38, with a 24-hour trading volume of $68.8 million; SOPH increased by 40% in a single day, currently at $0.01644, with a 24-hour trading volume of $116 million; meme coin “67” rose 38% in a single day, currently at $0.028, with a 24-hour trading volume of $11.49 million; RESOLV increased by 36.6% in a single day, currently at $0.0994, with a 24-hour trading volume of $161 million; WET rose 35.3% in a single day, currently at $0.303, with a 24-hour trading volume of $129 million.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin buyers gobbled up nearly 850,000 BTC between $60,000 and $70,000

Despite recent fluctuations, Bitcoin's strong dip demand is evident as 1.84 million BTC was traded below $70,000, representing 9.23% of its circulating supply, indicating potential price support. In contrast, trading activity above $70,000 remains lower.

CoinDesk6m ago

Crypto markets rally as Trump announces two-week Iran ceasefire

The crypto market enjoyed a much-needed boost on Tuesday evening after U.S. president Donald Trump announced a two-week ceasefire in Iran. Bitcoin BTC$71,640.51 spiked to around $72,700 after settling in the $71,800 region, ether (ETH), meanwhile, is changing hands at $2,250 after posting a 6%

CoinDesk1h ago

Retail buy orders fell from higher levels by 50%, and April presents an opportunity for a rebound in risk assets

In March, retail investors shifted toward stock sellers, and buy order volume fell nearly 50%. Despite bearish market sentiment, seasonal factors and ceasefire-related news may prompt the market to rebound in the second quarter, and investors should pay particular attention to the energy, technology, and crypto asset sectors.

GateNews1h ago

Ethereum rebounds to $2,257 as network stablecoin supply surpasses $180 billion, setting a new all-time high

Fueled by a ceasefire agreement between the United States and Iran, the price of Ethereum rose by about 9% on Wednesday, reaching a new high in several weeks. At the same time, stablecoin supply hit a historical high, suggesting increased activity across the Ethereum ecosystem. Analysts believe this provides solid support for Ethereum, and investors should watch macro events and changes in technical indicators.

GateNews1h ago

Bitcoin Reclaims Prices Above $70,000 at $72,000, Will it Reclaim $76,000 or Hit $60,000 Next?

Bitcoin reclaims prices above $70,000 at $72,000. Will the price of BTC go bullish and surge above $76,000 next? There is also a bearish possibility for BTC to drop to $60,000 next instead. The crypto community is pleased to see the price of Bitcoin (BTC), the pioneer crypto asset, recla

CryptoNewsLand1h ago

Bitcoin breaks through $72,000; the ascending triangle pattern suggests a target of $80,000

Bitcoin’s price rose 6.7% on Wednesday to $72,379, influenced by easing tensions between the US and Iran and falling oil prices. Investor risk-avoidance sentiment eased, driving crypto and traditional assets to rise in tandem. Technical indicators show strong upward momentum for Bitcoin; if it breaks through $74,500, it could further test the $76,000 or $80,000 targets.

GateNews2h ago
Comment
0/400
No comments