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Altcoins Surge Leaving Bitcoin and Ether Behind After Fed Cuts Interest Rate
crypto :: 2024-09-21 :: source - coindesk
By Helene Braun
Altcoins Surge Leaving Bitcoin and Ether Behind After Fed Cuts Interest Rate
- Altcoins were the better performer after the Fed's decision to lower rates on Wednesday.
- Cryptocurrencies excluding ether and bitcoin have risen 5.7% since the decision was announced while bitcoin is up 4.4%.
- Experts say this divergence isn't unusual, given altcoin's poorer liquidity and higher beta.
Bitcoin (BTC) may have outperformed stocks in the aftermath of the Federal Reserve’s decision to lower interest rates on Wednesday, but the true winners in the crypto universe are altcoins.
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