Best Crypto to Buy Now September 23 – Bittensor, Arweave, Popcat
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
Ethereum (ETH) is a notable out-performer of the major cryptocurrencies on Monday, up 4% in the past 24 hours according to CoinMarketCap, potentially ranking it as the best crypto to buy now.
ETH, the second-largest crypto by market cap, rallied back to test $2,700 on Monday, its highest level since mid-August.
Despite decent gains, Ethereum was far from the best-performing coin in the top 100 cryptos.
Indeed, many smaller, lesser-known altcoins saw double-digit gains on Monday as risk appetite rose.
Last week, the US Federal Reserve cut interest rates by 50bps for the first time since 2020, more than many on Wall Street had anticipated.
And various Fed policymakers spoke out in favor of the Fed’s easing stance on Monday.
Financial market liquidity measures have already improved to their best levels in years.
The NY Fed released a report on Monday suggesting that US treasury market liquidity was at its best since 2021.
US politics might also be acting as a tailwind. US Vice President and Democratic presidential nominee Kamala Harris recently made her first comments on crypto, and they were positive.
NEWS: VP Harris says at a fundraiser on Wall St. that she "will encourage innovative technologies like AI and digital assets while protecting our consumers and investors."
Harris is the betting market favorite to win the US presidency come the November election, per Polymarket.
Kamala Harris' odds are up to 4% ahead in Pennsylvania. pic.twitter.com/4YeXO05LvL
Republican nominee and former President Trump are seen as the more pro-crypto
Read more on cryptonews.com
