The Federal Reserve (FED) cut interest rates as expected, but Bitcoin and altcoins faced declines after FED Chairman Jerome Powell suggested there may be fewer interest rate cuts in the future. However, Solana-based memecoin Fartcoin saw a significant rise and surpassed a $1 billion market cap. After reaching this milestone, Fartcoin experienced some volatility but continued to rise. Commentators have mentioned Fartcoin's rally in relation to monetary policy and the absence of any restrictions on the coin from the Federal Reserve. Currently, Fartcoin is trading at $1.04, having increased by 18% in the last 24 hours.



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