Альткоины на подъеме: снижение ставки ФРС и новые рекорды Altcoins on the Rise: Fed Rate Cut and New Records

On September 17, the Federal Reserve for the first time since the end of 2024 lowered its key interest rate. This news had a favorable impact on the altcoin sector.

As reported by CoinGecko, the highest growth among major cryptocurrencies by market capitalization was seen in Avalanche (AVAX), which surged nearly 10% over the last 24 hours to reach $32.9.

The price of the HYPE token from the decentralized exchange Hyperliquid soared by 7%, hitting a record high of $60.

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

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

Bitcoin saw a 0.4% increase, continuing to trade at $117,000, while Ethereum’s price climbed by 2% to $4600.

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

Benjamin Cowen, founder of ITC Crypto, noted that altcoins traded against Ethereum have been exhibiting consistent growth over the past four weeks, coinciding with Ethereum reaching a historical high.

He suggested that the current trend could persist, a point supported by the TOTAL3-USD/ETH chart.

A trader under the pseudonym Ali reinforced the notion of maintaining bullish momentum in the altcoin market. He highlighted the positive effects of the Fed’s decision, pointing to an influx of over $2.1 billion into USDT and USDC on the Binance exchange.

According to him, the average deposit from whale investors has risen to $214,000.

He observed a sharp increase in the inflow of altcoins to major trading platforms and nearly a twofold rise in account activity since the beginning of September. In his view, the improved liquidity and institutional engagement are sustaining the current sector dynamics.

Michael van de Poppe, founder of MN Capital, emphasized that a significant altcoin rally would only commence after stabilization of the leading cryptocurrency.

Moreover, analysts have identified three main drivers for the altcoin season: the Fed’s rate cut, increased corporate reserves, and the potential launch of new cryptocurrency ETFs.