đ„Rate cut favors Ethereum over Bitcoin. đ€
#Ethereum has risen to #Bitcoin! since the US Federal Reserve (#FED ) cut interest rates by 50 basis points last Wednesday. Since the rate cut, Ether is up 16%, while Bitcoin is up 6%.
The price of Bitcoin reached $64,745 last weekend, marking a high of #precio this month. Investors were precisely setting the main resistance at $65,000, which it would have to break.
On the other hand, the price of Ether reached the high of $2,702, after having fallen to $2,111 at the beginning of August. Some analysts agree that the crypto market sentiment is still subdued, despite the rise of several #Criptomonedas . Proceed with caution.
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