Cryptocurrency rebounds after Fed rate cuts, BNB hits record high
Source: CoinWorld
Time: 2025-09-19 01:37:16
Major digital assets rebounded Thursday after the Fed cut interest rates by 25 basis points, with Bitcoin rising 2% to $117,750 and Ethereum up 3% to $4,630. It is reported that Binance is about to reach an agreement with the U.S. Department of Justice, with the BNB price breaking through $1,003, a record high. The total market value of cryptocurrencies increased by 2.3% to $4.21 trillion. Experts pointed out that the rate cut is driving investors' interest in high-yield crypto assets, especially in the DeFi sector, while triggering a $409 million liquidation. The spot Bitcoin ETF showed a $51 million outflow, ending the seven-day inflow momentum.