đ **Crypto Market Update: Altcoins Outshine Bitcoin Post-Fed Rate Cut!** đ
- The Federal Reserve's decision to lower interest rates by 50 basis points has sparked a notable rally in the crypto market.
- Altcoins, excluding Bitcoin and Ether, have surged 5.7%, outperforming Bitcoin's 4.4% rise.
- Experts attribute this to altcoins' higher beta and lower liquidity, making them more volatile.
- Bob Wallden from Abra likens altcoins to leveraged plays in the broader crypto market.
- Bitcoin briefly surpassed $64,000 but has since settled around $62,898.
What are your thoughts on this altcoin surge? Share in the comments! đŹ