Analysis: After the Federal Reserve's interest rate cut, Ethereum outperforms Bitcoin, and market sentiment tends to be bullish
Since the Federal Reserve cut the federal funds rate by 50 basis points last Wednesday, Ethereum has outperformed Bitcoin. This upward momentum aligns with a significant increase in the weighted perpetual futures funding rate of ETH's open interest, indicating stronger demand for long positions and traders' growing optimism that ETH prices may rise. (TheBlock)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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