Which cryptocurrencies challenge negative sentiment after Fed’s pause?

 Bitcoin, Ethereum prices dipped after the US Fed signaled additional interest-rate increases before the end of 2023. Uniswap, Algorand and Terra LUNA Classic price saw gains  amid a broad market decline.

UNI’s release of v4 code, Algorand’s recent partnerships and Terra Classic’s release of v2.1.1 parity upgrade has acted as catalysts.  Crypto prices declined sharply in response to the Fed’s stance on interest rate hikes but some assets such as Uniswap (UNI), Algorand (ALGO) and Terra Classic (LUNC) shrugged off the broader market sell-off.

FOMC decided to pause their aggressive interest rate hiking cycle on Wednesday. After ten increases since the beginning of 2022, the Federal Reserve left interest rates unchanged, buy signaled that two additional rate hikes could be on the way before the end of 2023. This possibility triggered a wave of negative sentiment among crypto asset holders, resulting in a steep decline in Bitcoin, Ethereum and altcoin prices.

However, developmental updates and partnerships in Uniswap (UNI), Algorand (ALGO) and Terra LUNA Classic (LUNC) fueled a rally in these tokens, yielding gains for holders.