Ether Outperforms BTC After Fed Rate Cut, Suggests Bullish Sentiment
The post Ether Outperforms BTC After Fed Rate Cut, Suggests Bullish Sentiment appeared first on Coinpedia Fintech News
Ethereum has outperformed bitcoin since the U.S. Federal Reserve cut its Federal Funds rate by 50 basis points last Wednesday. Since the Fed initiated its first rate reduction in four years, ether increased by over 16%, while bitcoin increased by approximately 6% during the same period. Also, The Ethereum perpetual futures funding rate has flipped positive since the rate cut. This suggests bullish market sentiment for ether, although there is a risk of a market correction if the optimism becomes excessive or there is a change in external factors
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
