The Fed finally did what everyone expected them to do ( rate cut ), and some altcoins absolutely loved it. Avalanche shot up over 10% to hit $32.59 , while Hyperliquid jumped more than 7% to $58.43 . Those are some pretty solid gains for a single day.
Bitcoin and Ethereum were a bit more chill about the whole thing. Bitcoin barely moved, staying around $117,000 with just a tiny 0.3% bump. Ethereum did a little better with a 2.1% gain to $4,588 , but nothing too crazy.
The thing is, most people saw this rate cut coming from a mile away. The Fed dropped rates by a quarter point, bringing them down to between 4% and 4.25% . Since everyone already expected it, Bitcoin and the other big names didn’t really react much right after the announcement.
What made Avalanche stand out wasn’t just the rate cut, though. They’ve got this massive $1 billion fundraising in the works that’s got people excited. The Avalanche Foundation is apparently in talks to raise all this money through some fancy deals involving Nasdaq-listed companies and investment firms.
Hyperliquid’s surge seems to be more about their stablecoin USDH attracting serious institutional money. Their setup lets people trade derivatives without actually giving up custody of their assets, which is pretty appealing to big players who worry about exchange security.
Conclusion
In short, while Bitcoin and Ethereum barely budged, Avalanche and Hyperliquid stole the spotlight with strong gains, fueled by fresh funding and institutional interest-showing how altcoins can thrive beyond Fed-driven market shifts.
Also Read: Analyst Predictions
