Is an Altcoin Pump Imminent?
Last September, the altcoin market witnessed a significant surge following a 25 bps cut by the Fed. Excluding Bitcoin and Ethereum, the market cap more than doubled, experiencing a remarkable 105% increase.
Anticipating a Similar Scenario
As we approach September once again, market participants are preparing for a potential repetition of last year’s events. While history may not always repeat itself, traders are well aware of how quickly liquidity can flood into alternative coins when interest rates are lowered.
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