đ Altcoins are soaring! đ
Following the Fed's rate cut, altcoins (excluding BTC & ETH) surged 5.7%, outshining Bitcoin's 4.4% rise. Experts like Bob Wallden from Abra say this isn't surprising due to altcoins' higher beta and lower liquidity, making them more volatile. đ
Bohan Jiang, also from Abra, adds that altcoins' outsized moves are driven by their position on the liquidity spectrum. With liquidity abundant post-FOMC, altcoins are thriving!
What are your thoughts on this altcoin rally? Share your insights below! đ #Crypto #Altcoins #Bitcoin