The Fed Cuts Interest Rates by 25 Basis Points, Altcoins Surge, APX Up Over 309% in 24 Hours

BlockBeats News, September 18th. At 2:00 AM today, the Federal Reserve announced a 25 basis point cut in the benchmark interest rate to 4.00%-4.25%, resuming its rate-cutting pace paused since December last year. Benefiting from this news, altcoins surged across the board, including:

APX surged over 309% in the last 24 hours, currently trading at $0.398;

KMNO surged over 33% in the last 24 hours, currently trading at $0.0897;

TST surged over 22% in the last 24 hours, currently trading at $0.0514;

EIGEN surged over 18% in the last 24 hours, currently trading at $1.818;

THE surged over 17% in the last 24 hours, currently trading at $0.393;

JTO surged over 12% in the last 24 hours, currently trading at $2.057.