That’s right! The Federal Reserve’s decision to raise interest rates usually influences financial markets, including the cryptocurrency market. When the Fed increases interest rates, it often leads to strengthening of the US dollar. This can potentially reduce the appeal of riskier assets like cryptocurrencies. However, in this case, the altcoins (cryptocurrencies other than Bitcoin) have surged 14%. This could be due to various factors, including market speculation, positive news around certain altcoins, or a decrease in Bitcoin’s dominance. As always, it’s important to note that crypto markets are highly volatile and unpredictable. Make sure to conduct thorough research before investing.
Altcoins, or alternative cryptocurrencies, experienced a remarkable 14% surge after the Federal Reserve increased its interest rates by 50 basis...