• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Altcoins Surge 14% After the Fed’s 50 Basis Point Hike
Economy

Altcoins Surge 14% After the Fed’s 50 Basis Point Hike

by September 19, 2024
by September 19, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Altcoins Surged More Than 14% After the Fed’s 50 Basis Point Hike

On September 19, market data displayed a sudden surge in altcoin prices right after the Federal Reserve cut the interest rate by 50 basis points. This measure led to significant gains in several altcoins within the last day.

Kadena (KDA) surged by 22.64% to $0.65, and the asset was the clear leader in the rally.
Saga (SAGA) gave it the second best by ending up 22.39% post-move, to $2.452.
Sei (SEI), on the other side, delivered one of the most significant, 19.97% which pushed its price up by $0.3382.
Blur (BLUR) went up by 17.1% to $0.208.
Celestia (TIA) marked a 14.88% gain in the exchange.

These gains evoke the stock market’s response to the Federal Reserve’s reducing rates as people begin pursuing high-risk cryptocurrencies. A lesser interest rate usually leads to increased liquidity, which makes altcoins suitable for people who want to take advantage of the current market conditions.

Fed Rate Cut Sparks Bitcoin and Altcoin Surges Up to 24%

The chairman of the US Federal Reserve, Jerome Powell, was keen to convey that the move primarily aims to bring price stability. As a consequence of the announcement, the digital asset Bitcoin traded 4.31% higher over the 24-hour period with $62,336 being a three-week high. On the other hand, the lower tokens like SUI, TAO, and FLOKI had an even more significant way and they had the price go up to 24%.

The continued breakout of altcoins can be a great window for traders who wannna ride the wave of a long buying or open long positions. Given that the market is very dynamic and the exchanges move, what is important is always to act fast to get the maximum out of the potential gains.

Discover emerging altcoins gaining traction and speculate on the extent to which the market can make potential gains while the trends are upward. Get to know the altcoins being prepared to take on the limelight due to the shift in the financial environment!

The post Altcoins Surge 14% After the Fed’s 50 Basis Point Hike appeared first on FinanceBrokerage.

You Might Also Like
  • GOP to advance bills that would ban biological males competing in women’s sports
  • Alibaba Stock Rises 5% in Premarket
  • FEC complaint alleges coordinated disinformation campaign from Biden’s 2020 run
  • Trump comparing himself to Navalny lacks ‘common decency,’ former rival Hutchinson says
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Amazon increases average pay for warehouse workers and adds free Prime membership perk
next post
The SCTR Report: Carvana’s Gain Makes It Worth a Revisit

You may also like

Gaetz introduces ‘Abolish the ATF Act’ after ruling against stabilizing...

January 18, 2023

New poll reveals what Democrats think of Harris as president

July 19, 2024

7 reasons to fear Kamala Harris’ radical ‘Medicare-for-all’ schemes

August 20, 2024

McCarthy vows he won’t make any deals with Democrats to...

October 4, 2023

11 ways Biden and his handlers are hell-bent on destroying...

April 5, 2024

RFK Jr re-ups Trump debate challenge, suggesting venue in ‘perfect...

May 9, 2024

Morning Glory: The worst debate in the history of presidential...

September 12, 2024

210 Democrats endorse plan to sidestep House GOP in debt...

May 19, 2023

House Republican dismisses China trolling on his support for TikTok...

January 20, 2023

Vivek Ramaswamy on 9/11: ‘I don’t believe the government has...

August 3, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,577 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,451 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Seattle tests prospective fire lieutenants on...

    May 26, 2023

    ‘Disservice to the nation’: Former VP...

    May 31, 2024

    Joe Biden allegedly paid $5M by...

    June 9, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here