On the day of the Federal Reserve’s highly anticipated Fed rate cut, Bitcoin (BTC) and Ethereum ETFs experienced notable record net outflows, marking a significant shift in investor sentiment.
Identifying which coin stands out as the top performer becomes crucial amid this uncertainty and shifting investor strategies. Could Ethereum’s new token be it? Let’s find out.
Fed Rate Cut Sparks Bitcoin Rally: BTC Jumps 2.22%
On September 18, 2024, the Federal Reserve decided to lower interest rates by half a point, signaling the end of a period marked by excessively high inflation. This fed rate cut could offer much-needed relief to households and businesses.
SpotOnChain, a leading on-chain analytics platform, reported that on the day of the Fed rate cut, Bitcoin ETFs saw a total of $52.7 million outflows. Meanwhile, Bitcoin’s BTC exhibited a 2.22% gush within 24 hours of the news, shifting from $60,309.00 to $61,649.68.
According to experts, this bullish momentum is expected to continue for the rest of 2024, with BTC trading at $103,046.67, up from $61,649.68. This would mark a 67.15% upturn. With Bitcoin exhibiting bullishness, how did Ethereum ETFs react to it?
Ethereum Reacts to Fed Rate Cut: ETH Climbs 1.19%
The same news about the fed rate cut triggered an outflow of $9.8 million in Ethereum ETFs, as per SpotOnChain.
So, how did Ethereum’s ETH respond to the fed rate cut? On September 18, 2024, ETH opened at $2,341.73 and closed at $2,369.73, displaying a 1.19% jump within 24 hours. Will this upward trajectory prevail? Market analysts believe that ETH will exchange hands at $3,897.72 by the close of 2024, showcasing a 64.48% ascent from $2,369.73.
Now that there was an outflow with Bitcoin and Ethereum ETFs, a new player in the game is set to match or even outperform these crypto giants. Let’s see what it has to offer.
FXGuys’ Exclusive Presale Offers and Up to 900% Potential Returns
FXGuys offers several unique features that set it apart from traditional trading platforms. One of its standout offerings is the Trade2Earn program, which enables traders to earn $FXG tokens with each trade, regardless of the trade’s outcome.
With this innovative model, every trader is rewarded for their activity, encouraging a constant motivation to trade and engage with the platform. The $FXG tokens accumulated can be used for various benefits, such as lowering profit targets and increasing drawdown limits, enhancing the overall trading experience.
Additionally, FXGuys features a Prop Firm Funding program, which grants traders access to significant capital—up to $200,000—allowing them to manage larger positions without risking their own funds.
As FXGuys gears up for its official launch, $FXG is currently in the presale stage, providing investors with a unique chance to join in its growth. The presale is divided into multiple stages, each with a higher price, allowing early investors to acquire $FXG tokens at discounted rates.
For example, the Seed Funding Round offered tokens at $0.010 each, and early investors have a chance to bag returns up to 900% when the price reaches the anticipated launch value of $0.10.
The ongoing presale is selling at $0.03 per $FXG, an attractive price point. $FXG’s Trade2Earn program rewards every trader with $FXG tokens for each trade, regardless of outcomes. Overall – it is a winning idea for traders and investors.
FXGuys’ Unique Features Beat BTC and ETH!
While both BTC and ETH have shown positive movements following the fed rate cut, $FXG presents a more compelling investment option due to its unique features and high growth potential, unlike BTC and ETH, which are subject to market volatility and the recent outflow of Bitcoin and Ethereum ETFs.
Visit FXGuys and view the platform
Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.
