Альткоины взлетают на фоне снижения ключевой ставки ФРС English translation: Altcoins Soar Amid Feds Key Rate Cut

On September 17, the Federal Reserve for the first time since late 2024 lowered its key interest rate. This news had a positive effect on the altcoin sector.

According to CoinGecko, the altcoin Avalanche (AVAX) saw the highest increase among major cryptocurrencies, rising nearly 10% in the last 24 hours to $32.9.

The HYPE token from the decentralized exchange Hyperliquid surged by 7%, reaching a record high of $60.

Meanwhile, BNB has, for the first time in history, surpassed the $1000 mark. Earlier, media reported that Binance is in talks with the US Department of Justice regarding exiting government oversight.

Solana broke through the $246 level, last seen in January. Dogecoin rose by 5.1% to $0.28. The prices of Cardano and Chainlink increased by 5% and 4.7% respectively.

Bitcoin climbed by 0.4%, maintaining a trading level of $117,000. The price of Ethereum rose by 2% to $4600.

Analysts shared a range of opinions regarding the current market dynamics and future prospects.

Benjamin Cowen, founder of ITC Crypto, pointed out that altcoins traded against Ethereum have shown consistent growth over the past four weeks since the second-largest cryptocurrency reached a new all-time high.

We are currently in Week 4 of #ALTs rising against #ETH.

Notice how the rebound occurred immediately after #ETH set a new all-time high.

This trend is likely to persist for a few more weeks. https://t.co/ZMcdUx85dG pic.twitter.com/XLvbFAJC3H

He suggested that the current trend may continue, supported by the TOTAL3-USD/ETH chart.

A trader known as Ali echoed the sentiment around sustaining bullish momentum in the altcoin market, emphasizing the positive impact of the Fed’s decision and noting an influx of over $2.1 billion into USDT and USDC on the Binance exchange.

According to him, the average deposit size from whales has increased to $214,000.

He pointed out the sharp rise in altcoin inflows onto major exchanges and a nearly twofold increase in activity from addresses since the beginning of September. In his view, improved liquidity and institutional activity are supporting the current sector dynamics.

Michael van de Poppe, founder of MN Capital, highlighted that a significant rally in altcoins will only commence after the stabilization of the leading cryptocurrency.

Recall that analysts identified three drivers of the altcoin season: the Federal Reserve’s interest rate decrease, the increase in corporate reserves, and the potential launch of new crypto ETFs.