Altcoins outperform Bitcoin (BTC) and Ether ((ETH) following Fed meeting on thin liquidity, higher beta

Total3, an index that tracks the market capitalization of the top 125 cryptocurrencies excluding bitcoin and ether (ETH), was trading 5.68% higher after the central bank announced it would cut the federal funds rate by 50 basis points. basis, according to data from TradingView. In contrast, Bitcoin’s market cap increased by just 4.4%.