Cryptocurrency markets rise $80 billion today after the Fed cuts interest rates at FOMC meeting
Source: CoinWorld
Time: 2025-09-18 10:37:28
The cryptocurrency market soared by $80 billion after Fed Chairman Jerome Powell announced a rate cut, with altcoins leading the gain of 0.9% and a market cap reaching $4.18 trillion. Bitcoin and Ethereum have market caps of 55.6% and 13.3% respectively. The Securities and Exchange Commission (SEC) approved Grayscale’s Digital Large Cap Fund and liquidated Bitcoin ETF options, while REX-Osprey will launch its first U.S. Ripple (XRP) and Dogecoin spot ETF tomorrow. CME also announced plans to launch Solana and Ripple (XRP) futures options on October 13.