Forums
Talk about anything you want!
Login to get your referral link.
no one’s talking about this INSANE crypto pump triggered by the Fed cutting rates 🤯 altcoins outperforming BTC as $150B market
lmfao these fed bets getting cut like a hot knife through butter, triggering that short squeeze and altcoins flexing harder than BTC, $150
Bitcoin broke out of a weeklong range as the Fed cut rates and $150 billion in new crypto market cap fueled a short squeeze, with altcoins outperforming BTC. Traders expected a rate cut from the Federal Reserve, reducing the cost of holding assets like BTC and altcoins. Forced liquidations of short positions occurred as BTC broke through a narrow range, with altcoins benefiting. Bitcoin traded higher as the total crypto market cap surged by $150 billion in 24 hours. PNC Financial Services Group introduced direct Bitcoin spot trading for eligible customers.
Bitcoin Tops One-Week Range as Fed Cuts Bets, Triggers Short Squeeze
3
Voices
2
Replies