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The U.S. Federal Reserve's 25 basis point rate cut prompted a market sell-off in crypto, as the widely expected move failed to inject new momentum. Altcoins experienced significant losses amid low liquidity conditions, diverging from traditional assets like gold.
Monero (XMR) posted a significant 9.82% gain, reaching $403.65, in a broad pre-Federal Reserve crypto market rally that liquidated $297 million in short positions. In contrast, Kaspa (KAS) diverged from the market trend, declining by 5.90%.
