Cryptocurrencies rose as part of a broad market rally Thursday, one day after the Federal Reserve delivered a half percentage point reduction in interest rates, the first in more than four years.was recently higher by 3.5% at $62,417.48, according to Coin Metrics, building on a rally underway before the central bank decision Wednesday. Bitcoin, like stocks, initially jumped and then pulled back as traders absorbed the news.
Ether has been dramatically underperforming bitcoin as the investment case for the cryptocurrency weakenscritter corner
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