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Analysis: After the Federal Reserve's interest rate cut, Ethereum outperforms Bitcoin, and market sentiment tends to be bullish
Bitget2024/09/23 14:13
Since the Federal Reserve cut the federal funds rate by 50 basis points last Wednesday, Ethereum has outperformed Bitcoin. This upward momentum aligns with a significant increase in the weighted perpetual futures funding rate of ETH's open interest, indicating stronger demand for long positions and traders' growing optimism that ETH prices may rise. (TheBlock)
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Bitcoin
BTC
$106,106.12
-4.29%
Ethereum
ETH
$3,788.21
-5.45%
Tether USDt
USDT
$0.9999
-0.04%
BNB
BNB
$1,075.07
-8.93%
XRP
XRP
$2.25
-6.57%
Solana
SOL
$178.59
-7.35%
USDC
USDC
$0.9998
-0.01%
TRON
TRX
$0.3102
-3.60%
Dogecoin
DOGE
$0.1807
-8.31%
Cardano
ADA
$0.6149
-8.13%
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