Home Altcoin Crypto Altcoins Pop in Post-Fed Rally That Swept Up Risk Assets

Crypto Altcoins Pop in Post-Fed Rally That Swept Up Risk Assets

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Crypto Altcoins Pop in Post-Fed Rally That Swept Up Risk Assets


Beaten-down cryptocurrencies rallied Thursday amid palpable relief in global markets after Federal Reserve Chair Jerome Powell indicated that a series of super-sized interest-rate hikes is unlikely.

Everything from Bitcoin to smaller and sometimes lesser-known tokens — so-called altcoins — pushed higher, snapping a prolonged period of pain that contributed to a more than $1 trillion drop in crypto market value this year.

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