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%.
- 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.
FOR MORE DETAILS PLEASE CLICK HERE!