Bitcoin Doesn't Move Much, But Ethereum and Other Coins Rise
Bitcoin couldn't break its price range, but other major cryptocurrencies increased after the Federal Reserve cut interest rates.
This article has been summarized and translated using AI to help you practice reading and comprehension. While we strive for accuracy, some nuances may be lost in translation.
The cryptocurrency market showed different results after the Federal Reserve made its first rate cut this year. Bitcoin stayed stable at around $116,605, while other major coins performed better. Ethereum increased by 1.98% to $4,607.27, XRP rose 1.24% to $3.08, and Dogecoin jumped 4.40% to $0.2819.
Bitcoin's market control dropped below 57%, and other coins gained 30% market share. Over $350 million was lost from the crypto market in 24 hours. Some analysts predict Bitcoin could reach $120,000 by the end of this week.
The total crypto market value reached $4.08 trillion. The stock market also had mixed results, with the Dow Jones going up but S&P 500 and Nasdaq going down.
Original Article
benzinga.comhttps://www.benzinga.com/crypto/cryptocurrency/25/09/47730484/bitcoin-unmoved-by-fed-rate-cut-ethereum-xrp-dogecoin-spike-analyst-says-btc-should-see-120