{"id":97617,"date":"2025-09-18T09:46:59","date_gmt":"2025-09-18T09:46:59","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=97617"},"modified":"2025-09-18T09:46:59","modified_gmt":"2025-09-18T09:46:59","slug":"btc-price-soars-to-118k-after-fed-rate-cut-bnb-hits-1k-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=97617","title":{"rendered":"BTC Price Soars to $118K After Fed Rate Cut, BNB Hits $1K: Market Watch"},"content":{"rendered":"

Bitcoin\u2019s price reacted in a rather muted manner immediately after the US Fed announced the rate cuts yesterday, but jumped to a new multi-week high of almost $118,000 in the following hours.<\/p>\n

Many altcoins have produced impressive gains over the past day, and BNB has stolen the show again as it marked a new ATH at just over $1,000.<\/p>\n

BTC Eyes $118K<\/h2>\n

Bitcoin\u2019s gradual price increase began at the beginning of the previous business week. At the time, the asset dipped to just under $111,000, but that support held the price, and it started to recover almost immediately. By Friday, it had climbed to $116,000 but faced some resistance there from the bears.<\/p>\n

It couldn\u2019t continue upwards during the weekend but tapped $116,800 on Monday morning, only to be pushed south to $114,400 later that day. The bulls reemerged at that point and didn\u2019t allow another breakdown. Just the opposite, BTC started to gain traction and jumped<\/a> to $117,200 yesterday ahead of the highly anticipated FOMC meeting.<\/p>\n

In the hours leading to the Fed\u2019s announcement, bitcoin lost some ground and dipped to $114,800. However, it had recovered to roughly $116,000 when the US central bank outlined<\/a> a 25 bps rate cut, as many anticipated<\/a>.<\/p>\n

At first, bitcoin remained relatively still but jumped during the early morning Thursday session to a new multi-week peak of almost $118,000. It was stopped there, for now at least, and sits at just over $117,000 as of press time.<\/p>\n

Its market cap has risen to $2.335 trillion on CG, but its dominance over the alts has taken a big hit and is down to 55.6%.<\/p>\n

<\/a>BTCUSD. Source: TradingView<\/p>\n

BNB Taps $1K<\/h2>\n

The declining BTC dominance means that many alts have outperformed it over the past day. This is particularly true for PENGU (14%), M (13%), AVAX (9%), and SUI (8%), which lead in terms of daily gains.<\/p>\n

HYPE, BCH, HBAR, LINK, SOL, DOGE, and ADA have charted price increases of up to 6%. BNB has added 4.5% on a daily scale, but managed<\/a> to break through $1,000 to chart a new all-time high earlier today. Ethereum is close to $4,600, while XRP is at $3.1.<\/p>\n

The total crypto market cap is up by $60 billion since yesterday and is above $4.2 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post BTC Price Soars to $118K After Fed Rate Cut, BNB Hits $1K: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price reacted in a rather muted manner immediately after the US Fed announced the rate cuts yesterday, but jumped to a new multi-week high of almost $118,000 in the following hours. Many altcoins have produced impressive gains over the past day, and BNB has stolen the show again as it marked a new ATH […]<\/p>\n","protected":false},"author":0,"featured_media":97618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-97617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/97617"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=97617"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/97617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/97618"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=97617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=97617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=97617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}