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.
