ALTs Under Selling Pressure Post-Fed
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altcoin marketCoinGape
•Altcoin Whales Prepare for Rally After September Fed Rate Cut
62% Informative
After the US Fed meeting on Wednesday , Bitcoin and the broader crypto market came under heavy selling pressure in what seems to be a sell-the-new momentum after the Fed meeting.
The Federal Reserve Chair Jerome Powell kept interest rates unchanged at 5.25% while speaking about the possibility of a rate cut ahead in September .
The ALT/BTC pair can bleed further during the August consolidation.
Whales have been positioning themselves for the upcoming altcoin rally.
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