Crypto

Altcoins Outperform Bitcoin (BTC) and Ether ((ETH) Following Fed Meeting Due to Poor Liquidity, Higher Beta

The Total3 index, which monitors the market capitalization of the top 125 cryptocurrencies excluding bitcoin and ether (ETH), has seen a significant increase. Following the central bank’s decision to cut the Federal Funds rate by 50 basis points, Total3 was up by 5.68% as per TradingView data. In comparison, bitcoin’s market cap only rose by 4.4%.

This surge in market cap indicates a positive response from investors to the central bank’s announcement. The Total3 index serves as a key indicator of the overall health and performance of the cryptocurrency market, providing valuable insights for investors and analysts.

As the cryptocurrency market continues to evolve and respond to external factors such as central bank decisions, monitoring key indices like Total3 can help investors make informed decisions and stay ahead of market trends.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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