Here’s why altcoins like Uniswap, Stellar, Algorand, and Pepe going up
Bitcoin and many altcoins cautiously bounced back on Wednesday ahead of the Federal Reserve interest rate decision.
Bitcoin $Btc4.1%
Bitcoin rose to $84,500 as it struggled to move above the psychological barrier of $85,000.
Other top-performing blue-chip cryptocurrencies were Uniswap (UNI), Stellar Stellar
$xlm3.43%
Algorand, and pepe2.84%
Pepe. Uniswap jumped 12% to $6.90, while Stellar climbed 10% to $0.293. Algorand and Pepe were up over 9%, pushing the total crypto market cap to $2.79 trillion.
The ongoing crypto recovery mirrored gains in U.S. equities. Major indices like the Dow Jones, Nasdaq 100, and S&P 500 rose by over 0.50%, while the U.S. dollar index pulled back