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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) $ 95,149.49 2.21%
ethereum
Ethereum (ETH) $ 3,279.40 1.82%
tether
Tether (USDT) $ 0.999567 0.01%
xrp
XRP (XRP) $ 2.20 1.66%
bnb
BNB (BNB) $ 649.06 2.23%
solana
Solana (SOL) $ 180.05 0.55%
dogecoin
Dogecoin (DOGE) $ 0.312346 2.26%
usd-coin
USDC (USDC) $ 1.00 0.04%
staked-ether
Lido Staked Ether (STETH) $ 3,273.28 1.71%
cardano
Cardano (ADA) $ 0.882382 1.93%
tron
TRON (TRX) $ 0.244033 0.19%
avalanche-2
Avalanche (AVAX) $ 36.55 2.16%
chainlink
Chainlink (LINK) $ 22.04 0.30%
the-open-network
Toncoin (TON) $ 5.38 1.54%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,898.21 1.22%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,111.48 1.91%
shiba-inu
Shiba Inu (SHIB) $ 0.000021 0.94%
sui
Sui (SUI) $ 4.31 1.49%
stellar
Stellar (XLM) $ 0.35605 0.40%
polkadot
Polkadot (DOT) $ 6.83 1.71%
hedera-hashgraph
Hedera (HBAR) $ 0.26498 4.46%
hyperliquid
Hyperliquid (HYPE) $ 27.73 13.70%
weth
WETH (WETH) $ 3,278.46 1.59%
bitcoin-cash
Bitcoin Cash (BCH) $ 445.21 2.41%
leo-token
LEO Token (LEO) $ 9.36 0.37%
uniswap
Uniswap (UNI) $ 13.90 4.16%
litecoin
Litecoin (LTC) $ 99.60 1.44%
pepe
Pepe (PEPE) $ 0.000018 2.16%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,459.18 1.73%
near
NEAR Protocol (NEAR) $ 5.03 0.31%
ethena-usde
Ethena USDe (USDE) $ 0.999356 0.12%
bitget-token
Bitget Token (BGB) $ 4.14 0.06%
usds
USDS (USDS) $ 1.00 0.22%
aptos
Aptos (APT) $ 9.20 2.95%
aave
Aave (AAVE) $ 317.66 6.27%
internet-computer
Internet Computer (ICP) $ 9.91 1.30%
crypto-com-chain
Cronos (CRO) $ 0.15377 2.06%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.472584 0.11%
mantle
Mantle (MNT) $ 1.16 0.06%
ethereum-classic
Ethereum Classic (ETC) $ 25.98 0.11%
vechain
VeChain (VET) $ 0.045692 1.09%
render-token
Render (RENDER) $ 7.02 0.99%
whitebit
WhiteBIT Coin (WBT) $ 24.37 0.53%
mantra-dao
MANTRA (OM) $ 3.68 0.40%
monero
Monero (XMR) $ 190.58 4.32%
dai
Dai (DAI) $ 1.00 0.01%
bittensor
Bittensor (TAO) $ 449.57 1.28%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.25 0.78%
arbitrum
Arbitrum (ARB) $ 0.745622 0.04%
ethena
Ethena (ENA) $ 1.03 1.44%