Citing ChainThink, on December 20, the Japanese interest rate hike took effect, triggering a recovery in the crypto market and a surge in some altcoins. LIGHT rose over 70% in a single day to $2.38, with a 24-hour trading volume of $68.8 million; SOPH gained 40% to $0.01644, with $116 million in 24-hour trading; the meme coin '67' rose 38% to $0.028, with $11.49 million in 24-hour trading; RESOLV climbed 36.6% to $0.0994, with $161 million in 24-hour trading; and WET increased 35.3% to $0.303, with $129 million in 24-hour trading.
Japanese Interest Rate Hike Sparks Crypto Market Recovery, Altcoins Rise Sharply
ChainthinkShare
Summary
Japanese interest rate hike sparks crypto market recovery, with altcoins to watch surging sharply. LIGHT jumped over 70% to $2.38, with $68.8 million in trading volume. SOPH rose 40% to $0.01644, hitting $116 million in 24-hour trading volume. Meme coin '67' climbed 38% to $0.028, while RESOLV and WET rose 36.6% and 35.3%, respectively. Both saw strong trading volume of $161 million and $129 million.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.