CoinScoopPolkadot Leads Rotation Into Legacy Layer-1s Amid Shifting Fed Rate Expectations
Polkadot surged 16.7% daily and 42.5% weekly, while Cosmos Hub, Decred, and Ethereum Classic also saw gains exceeding 8%. Meanwhile, Bitcoin fell 0.83% to $78,539 during the first U.S. trading session following Labor Day. Polymarket traders have increased the probability of a 25-basis-point Federal Reserve rate hike for next week.
Summaries are written by AI from the original article. Not investment advice.