Analysis: After the Federal Reserve's interest rate cut, Ethereum outperforms Bitcoin, and market sentiment tends to be bullish
Bitget2024/09/23 14:13
Since the Federal Reserve cut the federal funds rate by 50 basis points last Wednesday, Ethereum has outperformed Bitcoin. This upward momentum aligns with a significant increase in the weighted perpetual futures funding rate of ETH's open interest, indicating stronger demand for long positions and traders' growing optimism that ETH prices may rise. (TheBlock)
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