1. Macroeconomic Policies and Their Impact on Bitcoin
2. Other Successful Cryptocurrencies This Year
3. Current Trends in Ethereum-Based Cryptocurrencies

Macroeconomic policies in both the U.S. and Japan have fueled bullish momentum for Bitcoin. The cryptocurrency’s price surged this week following interest rate announcements by the Federal Reserve and the Bank of Japan.

Macroeconomic Policies and Their Impact on Bitcoin

After the U.S. Fed decided to cut interest rates, Bitcoin saw an increase of over 11% by the week’s end, breaking past $62,000 for the first time in September.

Other Successful Cryptocurrencies This Year

Despite Bitcoin’s rally, 42 other cryptocurrencies have performed better than Bitcoin this year, with meme coins taking the lead. Lookonchain data shows eight of the top ten outperforming tokens are from the meme coin category.

Current Trends in Ethereum-Based Cryptocurrencies

Many of these successful tokens are Ethereum-based. Notable mentions include DOGE, Zegent, and NYX Cipher, which continue to gain traction due to their unique offerings and increasing investor interest.

Thanks to macroeconomic measures, Bitcoin continues to surge. However, the cryptocurrency market features numerous other tokens performing well. Investors are closely monitoring current trends and selecting the most promising projects.