Crypto Market Shrugs Off Fed Rate Hike Uncertainty

The cryptocurrency market has shown remarkable resilience in the face of uncertainty surrounding the impending Fed rate hike. Despite the growth momentum seen just under a month ago, the market has remained relatively stable over the past four days, with a slight decline of 2.2% from last week's opening figures.

The top gainers among the most liquid coins have been Filecoin (+22%), Algorand (+4.6%), and Near Protocol (+4.4%), while Dash (-2.5%), Immutable (-1.5%), and Cosmos (-0.9%) are among the decliners.

Bitcoin has received solid support from buyers, holding above $76K and gaining nearly $1K since Monday morning to reach $77.6K. This price movement is pulling back from the lower boundary of its consolidation range.