19.09.2025 02:18
A wave of renewed optimism swept through the cryptocurrency markets, igniting a vigorous rally after a period of prolonged uncertainty. The catalyst for this energetic rebound was a long-anticipated interest rate reduction by the U.S. Federal Reserve, a move that immediately invigorated risk appetite among traders. Led by Bitcoin's decisive surge, major digital assets including Ethereum, Solana, XRP, and Dogecoin recorded substantial gains, fostering speculation of a broader market breakout. This resurgence comes as the sector navigates the potential volatility introduced by an estimated $4.5 billion in token unlocks scheduled for September, which, according to internet sources, is expected to influence capital distribution among altcoins.
Spearheading the rally, Bitcoin confidently reclaimed the $117,000 threshold during Friday's trading session, reversing a downward trend that had seen its value dip near $115,000 earlier in the week. The leading cryptocurrency's approximate 1% daily increase served as a key barometer, boosting bullish sentiment across the board. Ethereum demonstrated parallel strength, maintaining its position around the $4,600 mark and holding firm above a crucial psychological support level. While technical analysts point to potential short-term resistance, the underlying market currents for the second-largest crypto asset remain predominantly positive.
Elsewhere, Solana experienced a significant surge, climbing to approximately $247, with market participants closely monitoring its performance as it approaches the historic $250 resistance level, a breach of which could trigger further upward momentum. Meanwhile, XRP held firm just above the $3.10 level; analysts noted its strong daily RSI and suggested a potential move toward the $3.20 target if buying volume continues to grow. In contrast, the popular meme coin Dogecoin saw a slight retracement to about $0.28 after an initial morning surge, and it is now consolidating as speculators await confirmation of key technical support for a potential new upswing.
