19.09.2025 00:38
Following a recent announcement by the Federal Reserve regarding a 0.25% interest rate reduction, the cryptocurrency market has experienced a surge, with Bitcoin (BTC) and numerous other digital currencies demonstrating positive movement, as reported by internet sources. Notably, alternative cryptocurrencies, or altcoins, have exhibited stronger performance compared to Bitcoin in the last day, achieving more substantial gains.
As a consequence of the Federal Open Market Committee (FOMC) meeting, Bitcoin's value saw an increase, climbing from $114,928 to an intraday peak of $117,849 before settling around its current price of $117,010. Similarly, Ethereum (ETH) surpassed the $4,600 threshold, peaking at $4,639 during the day before slightly retreating. Currently, the altcoin is valued at approximately $4,566, marking an increase of nearly 1% over the past 24 hours. Other cryptocurrencies like Ripple (XRP) remained stable above $3, gaining 1.50% to trade at about $3.06, while Solana (SOL) experienced a growth of over 3%, trading near $243 as buyers targeted the $250 level. Dogecoin (DOGE) and Cardano (ADA) have also seen gains, rising over 3% to $0.277 and 2.56% to $0.904, respectively. Further gains were seen in Chainlink (LINK), Stellar (XLM), Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT).
The Federal Reserve's decision to lower interest rates by 25 basis points, which takes the rate down from a range of 4.25%-4.50% to 4%-4.25% and its indication of potential future cuts, has been a key factor influencing market behavior. However, Federal Reserve Chairman Jerome Powell refrained from providing a definitive roadmap, emphasizing the central bank's commitment to maintaining flexibility and responding to evolving macroeconomic conditions. Despite the rate cut, Powell acknowledged growing concerns about employment and economic growth. Furthermore, it has been reported that Stephen Miran, an FOMC member appointed by President Trump, dissented, advocating for a more aggressive 50 bps rate cut. Observers have pointed out that Miran’s appointment reflects a broader effort by President Trump to influence and potentially compromise the independence of the Federal Reserve.
