đȘ #Ethereum outperforms bitcoin after Fed rate cut, signaling bullish market sentiment
Ethereum has outperformed bitcoin since the U.S. Federal Reserve cut its Federal Funds rate by 50 basis points last Wednesday. Since the U.S. central bank initiated its first rate reduction in four years, ether has appreciated by over 16%, while bitcoin has seen an increase of approximately 6% during the same period. The Ethereum perpetual futures funding rate has flipped positive since the U.S. Federal Reserve rate cut last Wednesday, currently standing at 0.0082%, according to Coinglass data.
#ETHđ„đ„đ„đ„ đ„đ„đ„#BTCâ #Market_Update #CryptoNewss #FOMC
