According to analysts at Presto Research, the recent decision by the Federal Reserve to cut interest rates by 0.5% could lead to a resurgence of altcoins. Altcoins have struggled in the beginning of 2024 due to higher yields in traditional finance investments. However, with lower interest rates, on-chain yields for altcoins may become more attractive to investors, potentially leading to a recovery in the altcoin market. The Federal Reserve's rate cut has already had a positive impact on both the crypto and stock markets, with Bitcoin experiencing significant gains. It is important to note that this information is not investment advice.
- Content Editor ( en.bitcoinsistemi.com )
- 2024-09-20
Will Altcoin Season Begin? Analytics Company Gives Its Opinion