Altcoins Surge Following Federal Reserve Rate Cut

According to BlockBeats, on September 19, market data indicated a significant rise in altcoin prices following a 50 basis point interest rate cut by the Federal Reserve. Several altcoins experienced notable gains over the past 24 hours. Kadena (KDA) saw a 22.64% increase, bringing its current price to $0.65. Similarly, Saga (SAGA) rose by 22.39%, now priced at $2.452. Sei (SEI) experienced a 19.97% surge, with its price reaching $0.3382. Blur (BLUR) also saw a significant rise of 17.1%, now valued at $0.208. Lastly, TIA increased by 14.88%, with its current price at $6.08. These price movements reflect a broader positive trend in the altcoin market, influenced by the Federal Reserve's recent monetary policy adjustment.