Bitcoin Tumbles Below $25,000 Following Fed's Decision; Injective, Aave Among Top Losers

Bitcoin BTC/USD traded lower, with the cryptocurrency prices trading below the $25,000 level on Thursday following the monetary policy decision from the Federal Reserve.

The Fed held interest rates steady at its June FOMC meeting, as widely expected by the market. The country’s central bank also signaled in its revised economic forecasts that additional rate hikes may still be on the horizon for this year.

Ethereum ETH/USD also moved lower, falling below the key $1,700 mark this morning.

Trust Wallet Token TWT/USD was the top gainer over the prior 24 hours, while Injective INJ/USD turned out to be the biggest loser.

At the time of writing, the global crypto market cap fell to $1.01 trillion, recording a 24-hour decline of 4.2%. BTC was trading lower by 4.2% at $24,867 while ETH fell by around 6.5% to $1,633 on Thursday.

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

Gainers

• Trust Wallet Token TWT/USD

Price: $0.8061
24-hour gain: 6%

• KuCoin Token KCS/USD

Price: $6.29
24-hour gain: 1.5%

• Terra Classic LUNC/USD

Price: $0.00009701
24-hour gain: 0.6%

• Casper CSPR/USD

Price: $0.03955
24-hour gain: 0.5%

• Gemini Dollar GUSD/USD

Price: $0.9955
24-hour gain: 0.4%

Losers

• Injective INJ/USD

Price: $5.47
24-hour drop: 12%

• Aave AAVE/USD

Price: $49.32
24-hour drop: 11.4%

• Tezos XTZ/USD

Price: $0.7101
24-hour drop: 11%

• Curve DAO Token CRV/USD

Price: $0.5793
24-hour drop: 10.7%

• Lido DAO LDO/USD

Price: $1.62
24-hour drop: 9.4%

Read This Next: Kroger, Adobe And 3 Stocks To Watch Heading Into Thursday