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Altcoins Surge Leaving Bitcoin and Ether Behind After Fed Cuts Interest Rate
The market cap of altcoins rose 5.7% after the central bank announced it would lower interest rates by 50 basis points. Bitcoin’s market cap rose only 4.4%.
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- Altcoins were the better performer after the Fed's decision to lower rates on Wednesday.
- Cryptocurrencies excluding ether and bitcoin have risen 5.7% since the decision was announced while bitcoin is up 4.4%.
- Experts say this divergence isn't unusual, given altcoin's poorer liquidity and higher beta.
Bitcoin may have outperformed stocks in the aftermath of the Federal Reserve’s decision to lower interest rates on Wednesday, but the true winners in the crypto universe are altcoins.
Total3, an index that tracks the market capitalization of the top 125 cryptocurrencies, excluding bitcoin and ether , was trading 5.68% higher since the central bank’s announcement that it would slash the Federal Funds rate by 50 basis points, according to data on TradingView. Bitcoin’s market cap, by contrast, rose only 4.4%.
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This isn’t unusual, said Bob Wallden, head of trading at investment firm Abra.
“Altcoins are higher beta than bitcoin and ether, so think of them as a leveraged play on the broader crypto market similar to tech stocks outperforming the S&P 500 (SPX) in time of green shoots,” he said.
The asset class, which includes all crypto assets besides bitcoin and ether, might have also benefited from a recent period of overselling, which Wallden said is adding velocity to their bounce back.
The relatively low liquidity levels of altcoins means they tend to move with greater volatility, said Bohan Jiang, Head of OTC options trading at Abra.
“Altcoins are at the fringes of the liquidity spectrum, and so will always be convex in performance when risk assets perform well and liquidity is abundant, which seems to be the case post-FOMC,” he said.
“They also perform as a function of liquidity and positioning: liquidity in alts is substantially poorer, causing outsized moves both ways. Extended short positioning building up over the past few months can therefore cause short-squeeze-like outperformance higher.”
The Federal Reserve’s decision to lower interest rates pushed bitcoin above $64,000 on Thursday, a price last seen on Aug. 26. It later bounced back and is currently trading at $62,898.
Kris Sandor contributed to the story
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Yang perlu diketahui:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Coreweave stock gains 9% on fresh $2 billion Nvidia investment
Already an investor in CoreWeave, Nvidia last September had agreed to purchase $6.3 billion of computing services from the AI infrastructure provider.
Yang perlu diketahui:
- CoreWeave shares jumped about 9% in pre-market trading after Nvidia invested another $2 billion in the AI-focused cloud company.
- The new funding is intended to help CoreWeave expand to more than 5 gigawatts of AI-dedicated data centers by the end of the decade.
- The deal deepens a yearslong collaboration in which Nvidia and CoreWeave will align on hardware, software and data center strategy, and test CoreWeave’s Mission Control resource-scheduling platform for potential integration into Nvidia’s ecosystem.
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