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Dogecoin and Shiba Inu coin prices rebound, leading the altcoin recovery
CryptoWorld News reports that Dogecoin’s price increased by 15% on Wednesday, while Shiba Inu coin rose by 6%. Against the backdrop of the Federal Reserve’s decision to keep interest rates unchanged, the altcoin market overall recovered, with Dogecoin and Shiba Inu leading the way. Dogecoin rapidly surged from $0.099 to $0.112 during Wednesday’s trading, making it the strongest performer among the top ten cryptocurrencies by market capitalization. Although it later retreated to approximately $0.1058, it still gained 7.77% over the past 24 hours. Meanwhile, open interest in Dogecoin futures surged over 28% in a single day, reaching $1.81 billion, the highest level since October 10. According to CryptoWorld News data, total short liquidations in the past 24 hours reached $21.33 million, while long liquidations were only $451.42k, indicating a strong market reversal against shorts. Shiba Inu coin also showed a similar trend, with its price rising from $0.00000612 to $0.00000656, an increase of over 6%.