Альткоины на подъеме: эффект снижения ставки ФРС Translation: Altcoins on the Rise: The Impact of the Fed Rate Cut

On September 17, the Federal Reserve lowered the key interest rate for the first time since late 2024. This news positively impacted the altcoin market.

According to CoinGecko, the cryptocurrency showing the most significant growth among the top by market capitalization was Avalanche (AVAX), with its price rising by nearly 10% over the past day to $32.9.

The HYPE token from the decentralized exchange Hyperliquid surged by 7%, reaching a record high of $60.

Meanwhile, BNB exceeded $1000 for the first time in history. Earlier, media outlets reported that Binance is in talks with the U.S. Department of Justice to exit government oversight.

Solana breached the $246 level, last seen in January. Dogecoin rose by 5.1% to $0.28. The prices of Cardano and Chainlink increased by 5% and 4.7%, respectively.

Bitcoin saw a 0.4% uptick, maintaining a trading level of $117,000. The price of Ethereum climbed by 2%, reaching $4600.

Analysts shared diverse opinions regarding the current market dynamics and its outlook.

Benjamin Cowen, founder of ITC Crypto, highlighted that altcoins traded against Ethereum have shown consistent growth over the past four weeks, coinciding with the second-largest cryptocurrency reaching an all-time high.

He speculated that this trend could continue, supported by the TOTAL3-USD/ETH chart.

A trader using the pseudonym Ali affirmed the notion of maintaining bullish momentum in the altcoin market. He emphasized the positive impact of the Federal Reserve’s decision, noting an influx of over $2.1 billion into USDT and USDC on Binance.

According to him, the average deposit for whales has increased to $214,000.

He pointed out a significant rise in altcoin inflows to major trading platforms and nearly doubled activity of addresses since the beginning of September. In his view, improved liquidity and institutional activity are bolstering the current sector dynamics.

Michaël van de Poppe, founder of MN Capital, emphasized that a substantial altcoin rally would commence only after Bitcoin stabilizes.

As a reminder, analysts have identified three drivers for the altcoin season: the Fed’s rate cut, an increase in corporate reserves, and the potential launch of new cryptocurrency ETFs.