Sept 18 Cryptocurrency Prices: Bitcoin Above $117K; ETH, SOL, DOGE Lead Altcoin Surge After Fed Rate Cut

The major tokens on the September 19th market are trading bullish, with Bitcoin (BTC) holding steady above the $117,000 mark. Other cryptocurrency prices, including altcoins like Ethereum (ETH), Solana (SOL), and Dogecoin, are posting strong gains. Yesterday, Federal Reserve chair Jerome Powell announced a rate cut of 25 basis points.

"Bitcoin is trading above $116,600, up nearly 2% following the Fed's 25 bps rate cut, with Ethereum, Solana, and other majors also gaining up to 6% since last night. The rate cut could push about $7 trillion of funds parked in money market funds towards riskier assets like crypto and stocks, bringing fresh liquidity into the markets. With the Fed signalling two more cuts this year, macroeconomic data in the coming days should be closely watched. A decisive move above $117,000 could take BTC to new highs, with strong support forming at $115,000." said Edul Patel, CEO of Mudrex.

Bitcoin Price Today

Bitcoin traded at $117,420.77, up 0.91% in the last 24 hours and more than 4% over the past week.
"BTC staged a strong breakout in the latest session, rallying from the $116,600 zone to $117,800 in under an hour. Earlier, as widely expected, the Federal Reserve delivered its first rate cut of 2025, trimming the benchmark rate by 25 bps to a range of 4.00%-4.25%. While the decision carried a dovish tilt, acknowledging slower job gains, rising unemployment, and sticky inflation, the immediate market reaction was muted." as per the CoinSwitch Markets Desk report.

In technical terms, "BTC largely consolidated around $115,000, swinging between $115K and $117K and briefly dipping below the support level before buyers stepped in. With momentum now shifting higher, BTC is testing $117,800 resistance, and a clear break above could pave the way toward the $118,200-$118,500 zone in the near term," the report further mentioned.

Ethereum and Altcoin Performance

Ethereum: The second-largest cryptocurrency jumped 2.88% to $4,608.57, with a market cap of $556.40 billion. ETH has gained over 13% in the past week.

Ripple Coin: XRP rose 2.82% to $3.10, extending weekly gains to 8.30%.
Binance Coin: BNB surged 4.27% to $992.76, gaining 20.44% over the week.

Solana (SOL): SOL rallied 5.09% to $245.81, with an impressive 39.47% weekly gain. Solana is the only coin which is recording gains after gains.

Dogecoin: Meme coin DOGE soared 6.44% to $0.2822, with a 34.75% weekly jump, mainly because of the retail demand and increased whale activity.

Cardano: ADA advanced 5.01% to $0.9138, while TRON (TRX) inched up 1.25% to $0.3443, though TRX remained slightly negative on the weekly chart.

Stablecoins Price Update

Stablecoins like Tether (USDT) and USD Coin (USDC) remained pegged around $1, with USDT holding a market cap of $170.98 billion and USDC at $73.61 billion.

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