Altcoins Outpace Bitcoin and Ethereum, Driving Crypto Market Rebound Ahead of Fed Meeting
-
Altcoins like SOL, AVAX, and ICP are outperforming Bitcoin and Ethereum, driving a crypto market recovery.
-
Bitcoin bounced back above the 50-day moving average, a key technical level, ahead of the latest Fed meeting.
-
The Fed is expected to leave rates unchanged but could hint at potential policy easing down the line.
-
Solana saw massive trading volumes on its Jupiter aggregator, topping activity on Uniswap.
-
Analysts say altcoin strength signals broadening interest beyond Bitcoin and Ethereum, albeit maybe short-lived.