{"id":644139,"date":"2024-09-25T13:00:39","date_gmt":"2024-09-25T13:00:39","guid":{"rendered":"https:\/\/wncen.com\/?p=644139"},"modified":"2024-09-25T04:34:51","modified_gmt":"2024-09-25T04:34:51","slug":"ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon","status":"publish","type":"post","link":"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/","title":{"rendered":"Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?"},"content":{"rendered":"

Ethereum (ETH) price has outshined Bitcoin (BTC) over the last week since the US Federal Reserve (Fed) slashed interest rate by 50 basis points (bps) on September 18, 2024.<\/span><\/p>\n

Ethereum Gains On Bitcoin, Prelude To Altseason?<\/span><\/h2>\n

Ethereum has had an impressive last few days as far as its price action is concerned. ETH has surged by 16% to $2,666 since the Fed cut rates for the first time in four years. BTC has risen by 9% in the same period, trading at $63,643 at press time.<\/span><\/p>\n

Related Reading: Ethereum Poised For A Comeback Following Interest Rate Cut: Steno Research<\/a><\/div>\n

The ETH\/BTC trading pair has surged from 0.0385 on September 18, to 0.0420 on September 23, indicating an increase of almost 9%. Notably, the ETH\/BTC trading pair is a crucial trading pair observed by crypto analysts to gauge market sentiments toward altcoins relative to BTC.\u00a0<\/span><\/p>\n

\"ETHBTC\"
ETH has posted two consecutive green candles against BTC on the weekly chart | Source: ETHBTC on TradingView.com<\/a><\/figcaption><\/figure>\n

When ETH and other altcoins gain value against BTC, it suggests increased investor interest in altcoins, potentially signaling the beginning of an “altseason.” Conversely, when BTC outperforms ETH, it may indicate a shift back to Bitcoin dominance.<\/span><\/p>\n

It\u2019s worth highlighting that the Ethereum futures funding rate has turned positive since the interest rate cut, standing at 0.0058% <\/span>according<\/span><\/a> to data from cryptocurrency futures trading and information platform CoinGlass.<\/span><\/p>\n

For the uninitiated, a positive funding rate implies that traders holding long positions – in this case, long ETH – are paying short positions, reflecting bullish market sentiments. The change in funding rate suggests greater optimism regarding ETH\u2019s future price, likely driven by increased demand and confidence following the rate cut.<\/span><\/p>\n

That said, investors should be cautious of sharp movements in funding rates, as this could lead to market corrections amidst excessive optimism or due to any changes in external factors.\u00a0<\/span><\/p>\n

Ethereum Faces Stiff Competition From Other Blockchains<\/span><\/h2>\n

Throughout 2024, Ethereum has faced criticism for its lackluster performance relative to its competitors. Even major developments, like the US Securities and Exchange Commission\u2019s (SEC) approval of ETH exchange-traded funds (ETFs) <\/span>failed<\/span><\/a> to propel the second-largest cryptocurrency by market cap significantly.\u00a0<\/span><\/p>\n

In contrast, competing smart contract platforms like Solana (SOL), Binance Coin (BNB), and Tron (TRX) have made impressive strides not only in terms of price appreciation but also regarding the development of ecosystem infrastructure.<\/span><\/p>\n

Related Reading: Tron-Based SUN Token Skyrockets 197% As SunPump\u2019s Momentum Continues<\/a><\/div>\n

For instance, the Solana ecosystem witnessed many developments at\u00a0<\/span>Singapore’s recently\u00a0concluded<\/a> Solana Breakpoint 2024 event<\/span>. Among other announcements, Franklin Templeton unveiled its plans to launch a mutual fund on Solana.\u00a0<\/span><\/p>\n

Similarly, all eyes are on the release of former Binance CEO Changpeng Zhao from prison on September 29, 2024. Crypto analysts <\/span>predict<\/span><\/a> that Zhao\u2019s release could spark bullish momentum for Binance\u2019s native token BNB, which has shown incredible resilience despite the exchange\u2019s former CEO being imprisoned on money laundering charges.<\/span><\/p>\n

With the rising <\/span>adoption<\/span><\/a> of Ethereum layer-2 solutions offering high scalability with minimal transaction costs, expect the smart contract space to become increasingly competitive. ETH trades at $2,660 at press time, up 3.3% in the last 24 hours.<\/span><\/p>\n

\"ethereum\"
ETH price action on the weekly chart | Source: ETHUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n
\n
\n
Featured image from Unsplash, Charts from Tradingview.com<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) price has outshined Bitcoin (BTC) over the last week since the US Federal Reserve (Fed) slashed interest rate by 50 basis points (bps) on September 18, 2024. Ethereum Gains On Bitcoin, Prelude To Altseason? Ethereum has had an impressive last few days as far as its price action is concerned. ETH has surged by 16% to $2,666 since the Fed cut rates for the first time in four years. BTC has risen by 9% in the same period, trading at $63,643 at press time. Related Reading: Ethereum Poised For A Comeback Following Interest Rate Cut: Steno Research The ETH\/BTC trading pair has surged from 0.0385 on September 18, to 0.0420 on September 23, indicating an increase of almost 9%. Notably, the ETH\/BTC trading pair is a crucial trading pair observed by crypto analysts to gauge market sentiments toward altcoins relative to BTC.\u00a0 When ETH and other altcoins gain value against BTC, it suggests increased investor interest in altcoins, potentially signaling the beginning of an “altseason.” Conversely, when BTC outperforms ETH, it may indicate a shift back to Bitcoin dominance. It\u2019s worth highlighting that the Ethereum futures funding rate has turned positive since the interest rate cut, standing at 0.0058% according to data from cryptocurrency futures trading and information platform CoinGlass. For the uninitiated, a positive funding rate implies that traders holding long positions – in this case, long ETH – are paying short positions, reflecting bullish market sentiments. The change in funding rate suggests greater optimism regarding ETH\u2019s future price, likely driven by increased demand and confidence following the rate cut. That said, investors should be cautious of sharp movements in funding rates, as this could lead to market corrections amidst excessive optimism or due to any changes in external factors.\u00a0 Ethereum Faces Stiff Competition From Other Blockchains Throughout 2024, Ethereum has faced criticism for its lackluster performance relative to its competitors. Even major developments, like the US Securities and Exchange Commission\u2019s (SEC) approval of ETH exchange-traded funds (ETFs) failed to propel the second-largest cryptocurrency by market cap significantly.\u00a0 In contrast, competing smart contract platforms like Solana (SOL), Binance Coin (BNB), and Tron (TRX) have made impressive strides not only in terms of price appreciation but also regarding the development of ecosystem infrastructure. Related Reading: Tron-Based SUN Token Skyrockets 197% As SunPump\u2019s Momentum Continues For instance, the Solana ecosystem witnessed many developments at\u00a0Singapore’s recently\u00a0concluded Solana Breakpoint 2024 event. Among other announcements, Franklin Templeton unveiled its plans to launch a mutual fund on Solana.\u00a0 Similarly, all eyes are on the release of former Binance CEO Changpeng Zhao from prison on September 29, 2024. Crypto analysts predict that Zhao\u2019s release could spark bullish momentum for Binance\u2019s native token BNB, which has shown incredible resilience despite the exchange\u2019s former CEO being imprisoned on money laundering charges. With the rising adoption of Ethereum layer-2 solutions offering high scalability with minimal transaction costs, expect the smart contract space to become increasingly competitive. ETH trades at $2,660 at press time, up 3.3% in the last 24 hours. Featured image from Unsplash, Charts from Tradingview.com<\/p>\n","protected":false},"author":619,"featured_media":644147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89518],"tags":[134,41995,13291,428,11427,1119,1558,4925,8323,65296,1946,78803,12837,83626,11808,11993],"class_list":["post-644139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news","tag-altcoin","tag-altseason","tag-binance-coin","tag-bitcoin","tag-bnb","tag-btc","tag-cryptocurrency","tag-digital-assets","tag-eth","tag-ethbtc","tag-ethereum","tag-ethusdt","tag-sol","tag-solana","tag-tron","tag-trx"],"acf":[],"yoast_head":"\nEthereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?<\/title>\n<meta name=\"description\" content=\"Ethereum (ETG) has surged by 16% to $2,666 since the Fed decided to cut rates for the first time in four years.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?\" \/>\n<meta property=\"og:description\" content=\"Ethereum (ETG) has surged by 16% to $2,666 since the Fed decided to cut rates for the first time in four years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-25T13:00:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-25T04:34:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/ethereum_532377.jpg?fit=1920%2C1280\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ash Tiwari\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ash Tiwari\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/\"},\"author\":{\"name\":\"Ash Tiwari\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41\"},\"headline\":\"Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?\",\"datePublished\":\"2024-09-25T13:00:39+00:00\",\"dateModified\":\"2024-09-25T04:34:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/\"},\"wordCount\":556,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/ethereum_532377.jpg?fit=1920%2C1280\",\"keywords\":[\"altcoin\",\"altseason\",\"Binance Coin\",\"bitcoin\",\"BNB\",\"btc\",\"cryptocurrency\",\"Digital assets\",\"ETH\",\"ethbtc\",\"ethereum\",\"ETHUSDT\",\"Sol\",\"Solana\",\"TRON\",\"TRX\"],\"articleSection\":[\"Ethereum News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/\",\"url\":\"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/\",\"name\":\"Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/ethereum_532377.jpg?fit=1920%2C1280\",\"datePublished\":\"2024-09-25T13:00:39+00:00\",\"dateModified\":\"2024-09-25T04:34:51+00:00\",\"description\":\"Ethereum (ETG) has surged by 16% to $2,666 since the Fed decided to cut rates for the first time in four years.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/ethereum_532377.jpg?fit=1920%2C1280\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/ethereum_532377.jpg?fit=1920%2C1280\",\"width\":1920,\"height\":1280,\"caption\":\"ethereum\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41\",\"name\":\"Ash Tiwari\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g\",\"caption\":\"Ash Tiwari\"},\"description\":\"Ash is a dedicated crypto researcher and blockchain enthusiast with a passion for diving deep into the evolving world of decentralized technologies. With a background in writing and a natural curiosity for how digital assets are shaping the future, he has immersed himself in various sectors of the cryptocurrency space, including decentralized finance (DeFi), NFTs, and liquidity mining. His journey into crypto started with a desire to fully understand the technology behind it, leading him to explore and engage with these systems firsthand. Ash\u2019s approach to DeFi goes beyond surface-level research as he actively participates in decentralized protocols, testing their functionality to gain a deeper understanding of how they operate. From experimenting with staking mechanisms to exploring liquidity mining strategies, he is hands-on in his exploration, which allows him to provide practical, real-world insights that go far beyond theoretical knowledge. This immersive experience has helped him develop a comprehensive grasp of smart contracts, token governance, and the broader implications of decentralized platforms on the future of finance. In the NFT space, Ash\u2019s interest is driven by the technology\u2019s potential to reshape ownership and creativity in the digital age. He has explored various NFT projects, gaining insights into how these digital assets function within different ecosystems. His focus is on understanding the evolving relationship between creators and communities, as well as the innovative uses of blockchain technology to establish authenticity and provenance in the digital world. Ash\u2019s research in this area often touches on the intersection of culture, technology, and community-driven projects. A key area of his expertise lies in liquidity mining, where he has engaged with various decentralized platforms to understand how liquidity provision contributes to the functionality and security of DeFi ecosystems. Ash\u2019s hands-on involvement has allowed him to analyze the risks, rewards, and broader implications of liquidity pools, giving him a well-rounded perspective on this integral part of DeFi. His understanding of risk management and protocol design allows him to provide insights into how these systems can be navigated effectively, with an emphasis on both opportunity and caution. When it comes to communicating these complex topics, Ash\u2019s writing is grounded in clarity and depth. He excels at breaking down intricate blockchain concepts into easily digestible information for a wide audience. Whether explaining the workings of decentralized exchanges or outlining the future potential of blockchain technology, Ash ensures that his content is accessible to both those new to the space and experienced participants looking for deeper insights. Beyond DeFi and NFTs, Ash explores a wide array of emerging blockchain applications. His research spans areas like cross-chain technologies, decentralized governance, and blockchain\u2019s potential to integrate with traditional finance. He is continuously learning and adapting to the latest developments, ensuring that his insights are both timely and relevant. His interest extends to how these technologies are creating new possibilities for decentralization, transparency, and trust in a variety of industries. Ash\u2019s commitment to engaging with the crypto space firsthand gives him a unique perspective that goes beyond what can be learned from research alone. His practical involvement allows him to stay ahead of the curve, offering readers and enthusiasts a clear and comprehensive understanding of the rapidly evolving world of blockchain. Whether delving into the technical mechanics of DeFi or exploring the cultural impact of NFTs, Ash\u2019s approach is always rooted in curiosity, research, and a desire to make this technology accessible to all.\",\"url\":\"https:\/\/wncen.com\/author\/aisshwaryatiwari\/\"}]}<\/script>\n","yoast_head_json":{"title":"Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?","description":"Ethereum (ETG) has surged by 16% to $2,666 since the Fed decided to cut rates for the first time in four years.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/","og_locale":"en_US","og_type":"article","og_title":"Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?","og_description":"Ethereum (ETG) has surged by 16% to $2,666 since the Fed decided to cut rates for the first time in four years.","og_url":"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-09-25T13:00:39+00:00","article_modified_time":"2024-09-25T04:34:51+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/ethereum_532377.jpg?fit=1920%2C1280","type":"image\/jpeg"}],"author":"Ash Tiwari","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ash Tiwari","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/"},"author":{"name":"Ash Tiwari","@id":"https:\/\/wncen.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41"},"headline":"Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?","datePublished":"2024-09-25T13:00:39+00:00","dateModified":"2024-09-25T04:34:51+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/"},"wordCount":556,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/ethereum_532377.jpg?fit=1920%2C1280","keywords":["altcoin","altseason","Binance Coin","bitcoin","BNB","btc","cryptocurrency","Digital assets","ETH","ethbtc","ethereum","ETHUSDT","Sol","Solana","TRON","TRX"],"articleSection":["Ethereum News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/","url":"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/","name":"Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/ethereum_532377.jpg?fit=1920%2C1280","datePublished":"2024-09-25T13:00:39+00:00","dateModified":"2024-09-25T04:34:51+00:00","description":"Ethereum (ETG) has surged by 16% to $2,666 since the Fed decided to cut rates for the first time in four years.","breadcrumb":{"@id":"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/ethereum_532377.jpg?fit=1920%2C1280","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/ethereum_532377.jpg?fit=1920%2C1280","width":1920,"height":1280,"caption":"ethereum"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41","name":"Ash Tiwari","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g","caption":"Ash Tiwari"},"description":"Ash is a dedicated crypto researcher and blockchain enthusiast with a passion for diving deep into the evolving world of decentralized technologies. With a background in writing and a natural curiosity for how digital assets are shaping the future, he has immersed himself in various sectors of the cryptocurrency space, including decentralized finance (DeFi), NFTs, and liquidity mining. His journey into crypto started with a desire to fully understand the technology behind it, leading him to explore and engage with these systems firsthand. Ash\u2019s approach to DeFi goes beyond surface-level research as he actively participates in decentralized protocols, testing their functionality to gain a deeper understanding of how they operate. From experimenting with staking mechanisms to exploring liquidity mining strategies, he is hands-on in his exploration, which allows him to provide practical, real-world insights that go far beyond theoretical knowledge. This immersive experience has helped him develop a comprehensive grasp of smart contracts, token governance, and the broader implications of decentralized platforms on the future of finance. In the NFT space, Ash\u2019s interest is driven by the technology\u2019s potential to reshape ownership and creativity in the digital age. He has explored various NFT projects, gaining insights into how these digital assets function within different ecosystems. His focus is on understanding the evolving relationship between creators and communities, as well as the innovative uses of blockchain technology to establish authenticity and provenance in the digital world. Ash\u2019s research in this area often touches on the intersection of culture, technology, and community-driven projects. A key area of his expertise lies in liquidity mining, where he has engaged with various decentralized platforms to understand how liquidity provision contributes to the functionality and security of DeFi ecosystems. Ash\u2019s hands-on involvement has allowed him to analyze the risks, rewards, and broader implications of liquidity pools, giving him a well-rounded perspective on this integral part of DeFi. His understanding of risk management and protocol design allows him to provide insights into how these systems can be navigated effectively, with an emphasis on both opportunity and caution. When it comes to communicating these complex topics, Ash\u2019s writing is grounded in clarity and depth. He excels at breaking down intricate blockchain concepts into easily digestible information for a wide audience. Whether explaining the workings of decentralized exchanges or outlining the future potential of blockchain technology, Ash ensures that his content is accessible to both those new to the space and experienced participants looking for deeper insights. Beyond DeFi and NFTs, Ash explores a wide array of emerging blockchain applications. His research spans areas like cross-chain technologies, decentralized governance, and blockchain\u2019s potential to integrate with traditional finance. He is continuously learning and adapting to the latest developments, ensuring that his insights are both timely and relevant. His interest extends to how these technologies are creating new possibilities for decentralization, transparency, and trust in a variety of industries. Ash\u2019s commitment to engaging with the crypto space firsthand gives him a unique perspective that goes beyond what can be learned from research alone. His practical involvement allows him to stay ahead of the curve, offering readers and enthusiasts a clear and comprehensive understanding of the rapidly evolving world of blockchain. Whether delving into the technical mechanics of DeFi or exploring the cultural impact of NFTs, Ash\u2019s approach is always rooted in curiosity, research, and a desire to make this technology accessible to all.","url":"https:\/\/wncen.com\/author\/aisshwaryatiwari\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?","url":"http:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/ethereum-news\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/ethereum_532377.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/ethereum_532377.jpg?fit=1920%2C1280"},"articleSection":"Ethereum News","author":[{"@type":"Person","name":"Ash Tiwari"}],"creator":["Ash Tiwari"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","altseason","binance coin","bitcoin","bnb","btc","cryptocurrency","digital assets","eth","ethbtc","ethereum","ethusdt","sol","solana","tron","trx"],"dateCreated":"2024-09-25T13:00:39Z","datePublished":"2024-09-25T13:00:39Z","dateModified":"2024-09-25T13:00:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?\",\"url\":\"http:\\\/\\\/wncen.com\\\/ethereum-news\\\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/ethereum-news\\\/ethereum-gains-on-bitcoin-following-fed-rate-cut-altseason-soon\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/ethereum_532377.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/ethereum_532377.jpg?fit=1920%2C1280\"},\"articleSection\":\"Ethereum News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ash Tiwari\"}],\"creator\":[\"Ash Tiwari\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"altseason\",\"binance coin\",\"bitcoin\",\"bnb\",\"btc\",\"cryptocurrency\",\"digital assets\",\"eth\",\"ethbtc\",\"ethereum\",\"ethusdt\",\"sol\",\"solana\",\"tron\",\"trx\"],\"dateCreated\":\"2024-09-25T13:00:39Z\",\"datePublished\":\"2024-09-25T13:00:39Z\",\"dateModified\":\"2024-09-25T13:00:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/ethereum_532377.jpg?fit=1920%2C1280","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/644139"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/619"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=644139"}],"version-history":[{"count":4,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/644139\/revisions"}],"predecessor-version":[{"id":644410,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/644139\/revisions\/644410"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/644147"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=644139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=644139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=644139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}