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Analysis: After the Federal Reserve cut interest rates, Ethereum outperformed Bitcoin, and market sentiment tended to be bullish
Since the Federal Reserve cut the federal funds rate by 50 basis points last Wednesday, Ethereum has outperformed Bitcoin, and this upward momentum coincides with a sharp rise in the ETH unpositioned squaring rate-weighted perpetual futures funding rate, indicating stronger demand for long positions and growing optimism among traders that ETH prices could rise. (TheBlock)
2024-09-23 14:01:03
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