Looking at the crypto market today, there’s a real excitement around the FOMC rate cut, the 25 basis points that becomes news headlines everywhere in a mostly positive way as BTC is dancing around 117K USD, ETH is just above 4.5K USD, creeping up about 0.7% in the last day, while XRP is trading close to 3.07, enjoying a 1.6% gain against. If history is any guide, similar rate cuts usually spark 20–30% gains for high-risk assets over the next few weeks. So yes, there’s cause to be mildly excited.
Altcoins are getting attention now that the easing has landed. Data from TradingView shows total crypto market cap rising, suggesting some capital is rotating out of BTC ▲0.50% and into high-risk plays.
(source – TradingView)
SOL ▲4.06% is up to 244 USD, gaining 3.2% today, helped by DEX volumes that climb to about $2.5B daily per DeFiLlama, a 5% jump since the cut and about 26% this week.
(source – DefiLlama)
BNB ▲5.04%, on the other hand, is with a nice round number, at 1,000 USD, just as this article is being written. Its BSC TVL is at $7.8B, up by almost10% this week. These are the foundations of stronger sentiment across crypto.
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Here’s where things are headed. According to CoinGlass, open interest for BTC USD is about $85B, and long positions dominate in liquidations since the cut, a pattern we’ve seen in past ramps.
(source – CoinGlass)
ETH USD is supported by Layer‑2 TVLs (via DeFiLlama https://defillama.com/chain/ethereum) exceeding $40B, and ETF inflows pushing over $1.2B weekly. XRP may gain institutional credibility as its CME options pick up steam with doubled volume, now around USD 15B.
Could BTC USD slip under $115,000 briefly? Sure. But with signals from the Fed hinting at perhaps two more cuts this year, bullish pressure remains. The overall DeFi total market cap is $4.2B, a huge number considering it against the traditional market.
(source – CoinGecko)
If things break well, XRP might test 3.20 USD, with BTC, ETH, and SOL leading. Optimistically, September will end on a strong note, even if there are a few dips along the way.
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The hunt for the next 100x crypto intensified today as traders digested Federal Reserve Chair Jerome Powell’s 25bps rate cut, a move that has fueled bullish sentiment across risk markets. Crypto reacted almost instantly, with Memecore and EigenLayer both surging more than 20% higher in the past 24 hours, sparking a fresh wave of speculation about where smart money will next rotate. While Bitcoin reclaimed $117K, history shows the biggest returns don’t come from BTC itself but from smaller-cap tokens building innovative ecosystems around it. With monetary policy easing and liquidity returning, traders are now asking: could a Bitcoin Layer 2 project deliver the next crypto to 100x as new capital floods into the market? Read the full story here.Memecore and EIGEN Price Blasts 20%: Is BTC Layer 2 Next 100X Crypto?
The post Latest Crypto Market News Today, September 18: FOMC Rate Cut Aftermath, BTC, ETH, XRP, and Solana Stable as BNB Close to 1K USD appeared first on 99Bitcoins.
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