Crypto Rollercoaster: Fed Rate Cut Sparks Mixed Moves Across Bitcoin and Altcoins

CN
4 hours ago

The crypto economy closed another volatile week, even as the U.S. Federal Reserve cut interest rates for the first time in 2025. After starting the week just under $4.17 trillion, the market capitalization briefly rose to nearly $4.2 trillion on Sept. 19 before dropping to $4.12 trillion by Sept. 20, as the bullish sentiment appeared to dissipate.

Bitcoin ( BTC), which nearly reached $118,000 on Sept. 18, closed the week 0.2% higher at $115,792. While the rate cut helped push the top cryptocurrency higher, its failure to break past the $118,000 mark has prompted one analyst to suggest it may have topped and could be headed for a retreat. However, another report noted that if volume increases and the price breaks through the $117,000 level, a move toward the $118,000–$119,000 resistance zone is likely, reinforcing the bullish case for further upside momentum.

The performance of altcoins was mixed, with some registering double-digit gains while the majority ended the week in the red. ETH and XRP, which initially coasted after the Federal Open Market Committee (FOMC) decision, closed the period 3.4% and 4.4% lower, respectively. DOGE (7.2%) and LINK (6.1%) were the only high-capitalization altcoins with losses exceeding 5%.

FORM was the top loser of the week, shedding 42% of its value. It was followed by TROLL (40.3%), PYTHIA (38.9%), REI (36.7%), and USELESS (35.4%).

On the other hand, BNB completed a strong week by notching another all-time high of $1,027.17 on Sept. 20, pushing its market capitalization past $140 billion. BNB’s latest surge brought its gains over seven days to nearly 10%, making it one of the best-performing altcoins in the period. AVAX was another high-cap altcoin to register double-digit gains (12%), while WFLI closed the week 5.8% higher.

APX was the top gainer of the week, having skyrocketed by over 1,691%. It was followed by CDL, which rose by just over 400%, and AVNT (192%).

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