Bitcoin (CRYPTO: BTC), the world's most valued cryptocurrency, managed to surpass the $23,000 mark on Thursday morning following the Fed's rate decision.

The US Federal Reserve boosted interest rates by 0.75% on July 27 in a bid to contain the surging inflation level.

The global cryptocurrency market capitalization also surpassed the $1 trillion level on Thursday following the Fed's announcement.

Ethereum (CRYPTO: ETH), the second-biggest cryptocurrency, meanwhile, surged back above the $1,600 level on Thursday.

Lido DAO (CRYPTO: LDO) was the top gainer over the prior 24 hours, while Pax Dollar (CRYPTO: USDP) recorded the biggest decline.

At the time of writing, the global cryptocurrency market capitalization increased to $1.06 trillion, notching a 24-hour surge of about 8.5%. BTC was trading higher by around 1.8% to $23,195, while ETH climbed around 2.8% to $1,646.00 on Thursday.

Investors are now awaiting earnings results from Amazon.com, Inc. (NASDAQ:AMZN), Apple Inc. (NASDAQ:AAPL) and Mastercard Incorporated (NYSE:MA), scheduled for release today.

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

Gainers

• Lido DAO (CRYPTO: LDO)

Price: $2.16
24-hour gain: 43.4%

• Bitcoin Gold (CRYPTO: BTG)

Price: $27.18
24-hour gain: 27.2%

• Synthetix (CRYPTO: SNX)

Price: $3.78
24-hour gain: 27.1%

• Qtum (CRYPTO: QTUM)

Price: $4.44
24-hour gain: 24.9%

• Uniswap (CRYPTO: UNI)

Price: $8.28
24-hour gain: 24.4%

Losers

• Pax Dollar (CRYPTO: USDP)

Price: $0.9998
24-hour drop: 0.2%

• USDD (CRYPTO: USDD)

Price: $1.00
24-hour drop: 0.1%

• Dai (CRYPTO: DAI)

Price: $1
24-hour drop: 0.1%

• TrueUSD (CRYPTO: TUSD)

Price: $0.9998
24-hour drop: 0.1%

• USD Coin (CRYPTO: USDC)

Price: $0.9999
24-hour drop: 0.1%