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Altcoins Surge Leaving Bitcoin and Ether Behind After Fed Cuts Interest Rate

The market cap of altcoins rose 5.7% after the central bank announced it would lower interest rates by 50 basis points. Bitcoin’s market cap rose only 4.4%.

By Helene Braun|Edited by Benjamin Schiller

Updated Sep 20, 2024, 6:41 p.m. Published Sep 20, 2024, 6:39 p.m.

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. (Unsplash)