Ether Leads Post-Fed Crypto Market Rally as Yen Weakness Sparks Risk-On Frenzy
From the U.S. Dollar to Cat-Themed Cryptos, Global Assets Roar Back Following the FOMC’s Bold Move
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From the U.S. Dollar to Cat-Themed Cryptos, Global Assets Roar Back Following the FOMC’s Bold Move
Bitcoin 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.
September’s counter-seasonal price trend has already started to show signs of this divergence trend helping BTC.
The online casino and gaming platform will be released in November.
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
With both assets leading the market, here’s a closer look at the factors driving their remarkable performance.
Cat-themed tokens have emerged as a new cohort alongside dog-themed Dogecoin (DOGE) and Shiba Inu (SHIB), among the biggest gainers in the 2020-2021 bull run.
The recent Federal Reserve interest cut will fuel increased onchain activity, and this will strongly benefit the Ethereum blockchain, the report said.
It is unclear if all these wallets belong to the same person or entity.
The Bank of Japan won’t rush to repeat hikes of the yen, which triggered a market meltdown in July.