Latest Trading market Updates Today, September 18: FOMC Rate Cut Impact, Bitcoin, Ethereum, XRP, and Solana Steady as BNB Approaches 1K USD
Examining the current state of the crypto market, there’s palpable enthusiasm surrounding the FOMC rate reduction, with the 25 basis points making headlines everywhere, mostly in a favorable light as BTC hovers around 117K USD, ETH sits slightly above 4.5K USD, rising approximately 0.7% in the past day, while XRP trades near 3.07, enjoying a 1.6% increase. If we look to history, such rate cuts typically ignite 20–30% surges for high-risk assets in the following weeks. Thus, there’s indeed a reason to feel a bit bullish.
Altcoins are gaining traction now that the easing has taken place. Insights from TradingView reveal a rising total crypto market cap, indicating some funds are shifting out of Bitcoin ▲0.50% and into riskier ventures.
(source – TradingView)
SOL ▲4.06% is currently at 244 USD, climbing 3.2% today, buoyed by DEX volumes reaching nearly $2.5B daily per DeFiLlama, a 5% rise since the cut and approximately 26% this week.
(source – DefiLlama)
BNB ▲5.04% is currently trading at a neat sum of 1,000 USD as this piece is being drafted. Its BSC TVL stands at $7.8B, rising nearly 10% this week. These factors contribute to an increased positive outlook across the crypto landscape.
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Today’s Crypto market Summary: Bitcoin, Ethereum, XRP Set for Growth as Rate Cut Bolsters USD
Here’s the direction in which things seem to be moving. Per CoinGlass, the open interest for Bitcoin USD amounts to approximately $85B, with long positions prevailing in liquidations since the cut, a trend reminiscent of previous surges.
(source – CoinGlass)
ETH USD is buoyed by Layer‑2 TVLs (via DeFiLlama https://defillama.com/chain/ethereum) surpassing $40B, along with ETF inflows exceeding $1.2B weekly. XRP might gain institutional validation as its CME options see increased activity with volumes now around USD 15B.
Is there a chance BTC USD could dip below $115,000 for a short period? Absolutely. However, with the Fed hinting at potentially two more cuts this year, the bullish momentum persists. The overall Decentralized finance total market capitalization is $4.2B, a significant figure when compared to traditional markets.
(source – CoinGecko)
If everything goes positively, XRP could potentially test 3.20 USD, with BTC, Ethereum, and SOL leading the charge. Hopefully, September will wrap up on a high note, even if there are a few fluctuations along the journey.
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Memecore and EIGEN Prices Surge 20%: Is Bitcoin Layer 2 the Next 100X Crypto?
The quest for the next 100x crypto heated up today as traders processed Federal Reserve Chair Jerome Powell’s 25bps rate cut, a decision that has invigorated optimistic sentiment across risk markets. The crypto sector reacted rapidly, with Memecore and EigenLayer both jumping over 20% in the last 24 hours, igniting fresh speculation regarding where smart money will circulate next.
While Bitcoin has reclaimed $117K, historical data indicates that the most significant returns arise not from Bitcoin itself but from smaller-cap tokens developing innovative ecosystems around it. With monetary policy easing and available volume reentering the market, traders are pondering: could a BTC Layer 2 initiative yield the next crypto to reach 100x as new investments pour into the sector?
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The article Latest Crypto market Update Today, September 18: FOMC Rate Cut Aftermath, Bitcoin, Ethereum, XRP, and Solana Stable as BNB Close to 1K USD first appeared on 99Bitcoins.
