Crypto today: ZBCN and LIBRA skyrocket as markets retreat on Fed uncertainty

Bitcoin remains stuck below $110,000 as the financial landscape maintains a cautious tone following the latest Fed updates.

While most tokens experienced bearish price actions as sellers outweighed buyers, Zebec Network (ZBCN) and LIBRA bucked the trend with double-digit gains.

ZBCN and LIBRA saw sharp gains of 45% and 81% in the past day, respectively, as the latest Fed meeting minutes, released on May 28, highlighted concerns about economic slowdown, unemployment, and persistent inflation.

ZBCN rallies after strategic acquisition

Zebec Network stole the show today as its native token posted significant gains.

The daily chart shows ZBCN rallied from the opening price of $0.00428 to a record peak of $0.006222.

That represented a more than 45% jump, and happening amidst broad market declines, the upsurge grabbed the crypto community’s attention.

What fueled Zebec Network’s rallies over the past 24 hours?

ZBCN’s sharp uptrend emerged after reports that Zebec purchased UK-based fintech firm Science Card.