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Chart shows the performance of alt coins relative to bitcoin. (Source: TradingView) Chart shows the performance of alt coins relative to bitcoin. (Source: TradingView)

Altcoins Outperform Bitcoin (BTC) and Ether ((ETH) Following Fed Meeting Due to Poor Liquidity, Higher Beta

Total3, an index that tracks the market capitalization of the top 125 cryptocurrencies, excluding bitcoin and ether (ETH), was trading 5.68% higher since the central bank’s announcement that it would slash the Federal Funds rate by 50 basis points, according to data on TradingView. Bitcoin’s market cap, by contrast, rose only 4.4%.

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Helene Braun

https://www.coindesk.com/markets/2024/09/20/altcoins-outperform-bitcoin-and-ether-following-fed-meeting/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

2024-09-20 18:39:57

bitcoin
Bitcoin (BTC) $ 67,820.17 3.16%
ethereum
Ethereum (ETH) $ 2,613.84 1.47%
tether
Tether (USDT) $ 1.00 0.02%
bnb
BNB (BNB) $ 597.41 1.86%
solana
Solana (SOL) $ 155.24 1.63%
usd-coin
USDC (USDC) $ 1.00 0.25%
xrp
XRP (XRP) $ 0.548698 1.65%
staked-ether
Lido Staked Ether (STETH) $ 2,610.18 1.27%
dogecoin
Dogecoin (DOGE) $ 0.126003 11.16%
tron
TRON (TRX) $ 0.159736 1.06%
the-open-network
Toncoin (TON) $ 5.27 1.29%
cardano
Cardano (ADA) $ 0.356299 0.04%
avalanche-2
Avalanche (AVAX) $ 27.69 2.89%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,084.13 1.23%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 3.69%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 67,684.13 3.20%
weth
WETH (WETH) $ 2,613.44 1.28%
bitcoin-cash
Bitcoin Cash (BCH) $ 365.94 0.74%
chainlink
Chainlink (LINK) $ 11.18 0.16%
polkadot
Polkadot (DOT) $ 4.32 1.23%
near
NEAR Protocol (NEAR) $ 4.93 2.01%
dai
Dai (DAI) $ 1.00 0.18%
uniswap
Uniswap (UNI) $ 7.74 1.02%
leo-token
LEO Token (LEO) $ 6.10 1.72%
sui
Sui (SUI) $ 2.03 3.94%
litecoin
Litecoin (LTC) $ 70.21 5.43%
aptos
Aptos (APT) $ 9.91 3.35%
pepe
Pepe (PEPE) $ 0.00001 1.40%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,742.74 1.43%
bittensor
Bittensor (TAO) $ 581.42 4.53%
internet-computer
Internet Computer (ICP) $ 7.97 1.38%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.43 2.33%
kaspa
Kaspa (KAS) $ 0.133239 0.97%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.51%
ethereum-classic
Ethereum Classic (ETC) $ 19.43 1.86%
monero
Monero (XMR) $ 154.73 0.18%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.370565 0.68%
stellar
Stellar (XLM) $ 0.093982 1.72%
blockstack
Stacks (STX) $ 1.87 3.10%
dogwifcoin
dogwifhat (WIF) $ 2.56 3.85%
immutable-x
Immutable (IMX) $ 1.52 3.99%
okb
OKB (OKB) $ 41.36 0.08%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.14%
whitebit
WhiteBIT Coin (WBT) $ 16.40 1.49%
aave
Aave (AAVE) $ 156.51 0.31%
filecoin
Filecoin (FIL) $ 3.73 1.43%
optimism
Optimism (OP) $ 1.72 0.54%
mantle
Mantle (MNT) $ 0.630733 2.62%
render-token
Render (RENDER) $ 5.39 1.77%
crypto-com-chain
Cronos (CRO) $ 0.077997 1.14%