Альткоины поднимаются на волне снижения ставок ФРС Headline: Altcoins Surge on the Wave of Fed Rate Cuts

On September 17, the Federal Reserve System (Fed) of the United States made its first interest rate cut since the end of 2024. This development had a positive effect on the altcoin sector.

As per CoinGecko, among the largest cryptocurrencies by market capitalization, Avalanche (AVAX) saw the most significant increase, with its price rising nearly 10% over the past day to $32.9.

The HYPE token from the decentralized exchange Hyperliquid surged by 7%, reaching an all-time high of $60.

Meanwhile, BNB surpassed the $1000 mark for the first time in history. Earlier, media outlets reported that Binance is in discussions with the U.S. Department of Justice about exiting government oversight.

Solana broke through the $246 level, a figure last seen in January. Dogecoin appreciated by 5.1%, reaching $0.28. The prices of Cardano and Chainlink rose by 5% and 4.7%, respectively.

Bitcoin increased by 0.4%, continuing to trade at $117,000. Ethereum’s price grew by 2%, reaching $4600.

Analysts have expressed various opinions regarding the current market dynamics and its future prospects.

Benjamin Cowan, founder of ITC Crypto, pointed out that altcoins traded against Ethereum have shown steady growth over the past four weeks since the second-largest cryptocurrency reached its historical peak.

He suggested that this trend could continue, as confirmed by the TOTAL3-USD/ETH chart.

A trader known as Ali supported the notion of maintaining bullish momentum in the altcoin market. He emphasized the positive impact of the Fed’s decision, noting the influx of over $2.1 billion into USDT and USDC on the Binance exchange.

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

He highlighted the sharp rise in altcoin inflows to major trading platforms and almost a twofold increase in address activity since the beginning of September. In his view, improved liquidity and institutional activity are underpinning the current sector dynamics.

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

It is worth noting that analysts have identified three drivers for the altcoin season: the Fed’s interest rate cut, an increase in corporate reserves, and the potential launch of new cryptocurrency ETFs.