The cryptocurrency market is currently experiencing challenges following the recent interest rate decision by the Federal Reserve, causing a drop in BTC prices. This decline, triggered by the positive inflation data, saw BTC's price plummet from $70,000 to $58,500. Despite hovering above $60,000 currently, analysts predict a potential further drop to $54,000. Alongside BTC, meme coins like BONK, PEPE, SHIB, and Ethereum are also facing uncertainties.

BONK Coin Price

BONK, a significant meme coin project on the Solana network, gained attention towards the end of 2023. However, the current scenario for BONK is challenging due to the ongoing airdrop frenzy associated with SAGA phones. At present, BONK has witnessed a 6.32% decline in the last 24 hours, with a price of $0.00002274. Short-term projections point to a 13% increase, while a disheartening 43% drop is anticipated over the next 30 days. Furthermore, BONK's market cap has slumped to $1.55 billion, accompanied by a 36% drop in the 24-hour trading volume.

Pepe Coin Analysis

PEPE emerged as a key player in the meme coin market following DOGE and SHIB in 2023. Initially, PEPE showed promise but has since faced significant price declines, struggling in the current market. Currently, PEPE is valued at $0.00001162, experiencing a 6% drop in the last 24 hours, with the market cap dipping to $4.890 billion. The trading volume of PEPE has also decreased by 5%, falling below the $500 million mark.

Ethereum Price in Turkish Lira

Ethereum, the second-largest cryptocurrency by market cap, has been a focal point of discussions since late May. Despite a slight 0.55% increase in the last 24 hours, Ethereum's price remains below the pre-May 23 levels. With a market cap of $407 billion and a 24-hour trading volume of $12.6 billion, Ethereum's price in Turkish Lira currently stands at 111,800. Speculations about spot ETF approvals expected next week might trigger significant price movements similar to those observed in BTC.