Crypto market rebounds after Fed rate cut as PayFi gains 5.03%

  • PayFi led a broad crypto-market rebound after the Federal Reserve’s rate cut decision.
  • Zcash gained 23.28%, Dash rose 17.21%, and Bitcoin moved above $76,000.
  • GameFi was the only declining sector, falling 8.10% as Akedo dropped 32.24%.

The crypto market broadly rebounded after the Federal Reserve’s rate cut decision, with the PayFi sector (payment-focused decentralized finance) leading 24-hour gains at 5.03%. Zcash (ZEC) surged 23.28% and Dash (DASH) climbed 17.21%, making them the sector’s top performers. Bitcoin rose 1.28% to move above $76,000, while Ethereum gained 1.63% to trade near $2,400. Layer2 (secondary blockchain scaling networks) and Layer1 sectors advanced 4.91% and 3.71%, respectively. Lisk (LSK) jumped 31.79% in Layer2, NEAR Protocol (NEAR) gained 14.64% in Layer1, and Bedrock Token (BR) soared 177.57% in DeFi (decentralized finance). Meme and CeFi sectors increased 1.97% and 1.96%, while GameFi was the only declining sector, dropping 8.10% as Akedo (AKE) fell 32.24%. Sector indices tracking historical performance also rose, with ssiAI up 6.02%, ssiLayer2 gaining 4.98%, and ssiDeFi advancing 3.77%, indicating strength across crypto asset classes after the monetary policy shift.

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Crypto market rebounds after Fed rate cut as PayFi gains 5.03% - CoinPost Terminal