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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) $ 91,287.46 3.49%
ethereum
Ethereum (ETH) $ 3,099.82 0.95%
tether
Tether (USDT) $ 1.00 0.10%
solana
Solana (SOL) $ 218.70 4.01%
bnb
BNB (BNB) $ 620.66 0.24%
dogecoin
Dogecoin (DOGE) $ 0.378596 1.84%
xrp
XRP (XRP) $ 0.886291 7.52%
usd-coin
USDC (USDC) $ 1.00 0.13%
staked-ether
Lido Staked Ether (STETH) $ 3,095.95 1.01%
cardano
Cardano (ADA) $ 0.724619 22.61%
tron
TRON (TRX) $ 0.191136 7.65%
shiba-inu
Shiba Inu (SHIB) $ 0.000025 6.59%
the-open-network
Toncoin (TON) $ 5.39 2.15%
avalanche-2
Avalanche (AVAX) $ 33.35 5.81%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 91,102.41 3.47%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,665.59 0.84%
sui
Sui (SUI) $ 3.72 13.96%
pepe
Pepe (PEPE) $ 0.000023 9.22%
weth
WETH (WETH) $ 3,099.99 0.96%
chainlink
Chainlink (LINK) $ 13.86 5.97%
bitcoin-cash
Bitcoin Cash (BCH) $ 432.08 2.84%
polkadot
Polkadot (DOT) $ 5.19 7.64%
leo-token
LEO Token (LEO) $ 7.67 2.92%
near
NEAR Protocol (NEAR) $ 5.61 2.67%
aptos
Aptos (APT) $ 12.13 7.56%
litecoin
Litecoin (LTC) $ 84.52 3.48%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,262.34 0.83%
usds
USDS (USDS) $ 1.00 0.42%
uniswap
Uniswap (UNI) $ 8.63 5.13%
crypto-com-chain
Cronos (CRO) $ 0.1707 18.29%
stellar
Stellar (XLM) $ 0.142082 5.80%
internet-computer
Internet Computer (ICP) $ 8.68 7.71%
dogwifcoin
dogwifhat (WIF) $ 3.90 10.02%
bittensor
Bittensor (TAO) $ 519.36 3.23%
ethereum-classic
Ethereum Classic (ETC) $ 23.09 4.16%
kaspa
Kaspa (KAS) $ 0.137127 2.70%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.29 4.38%
dai
Dai (DAI) $ 1.00 0.12%
whitebit
WhiteBIT Coin (WBT) $ 22.32 0.62%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.19%
bonk
Bonk (BONK) $ 0.000045 25.34%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.373765 4.28%
hedera-hashgraph
Hedera (HBAR) $ 0.076536 16.62%
render-token
Render (RENDER) $ 7.18 8.43%
blockstack
Stacks (STX) $ 1.87 2.78%
monero
Monero (XMR) $ 145.07 1.50%
okb
OKB (OKB) $ 44.08 1.91%
floki
FLOKI (FLOKI) $ 0.000271 27.18%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.03%
filecoin
Filecoin (FIL) $ 4.19 7.58%