Fed Cuts Rates, BTC Calms at $116K, BNB Hits $1K, and XRP ETF Goes Live: Your Weekly Crypto Recap

It was another big week for financial markets, including crypto, as the US Federal Reserve finally cut the interest rates for the first time in ￰0￱ first, let’s rewind to the previous week to explore how BTC behaved in the days leading to the Wednesday FOMC ￰1￱ this time last week, bitcoin’s price struggled below $115,000 before it jumped by a few grand and tapped $116,800 for the first time in nearly a ￰2￱ subsequent weekend was a lot calmer as BTC spent it trapped in a range between $116,200 and $115,000. Monday began with some volatility that saw the asset jump to $116,800 again, where it was stopped and pushed south to $114,400. However, the bulls intercepted the move and drove bitcoin north to $117,200.

Then came the highly anticipated FOMC meeting in which the US Fed followed Trump’s calls and reduced the key interest rates by 25 ￰3￱ first, it seemed as if the market had indeed priced the move in as BTC remained essentially stuck. However, it started to gain more traction on Thursday morning when it jumped to almost $118,000 to mark a new multi-week ￰4￱ progress was halted at that level, as the asset has lost roughly two grand and now struggles to remain above $116,000. Still, its weekly performance shows a minor increase. However, it’s nowhere near as impressive as AVAX’s 20% surge or the new all-time highs from BNB, which crossed the $1,000 mark for the first time, and HYPE (at almost $59).

Market Data Weekly Market Overview:) | ETH: $4,520 (+0.04%) | XRP: $3.04 (+0.11%) This Week’s Crypto Headlines You Can’t Miss Arthur Hayes Sees $1M Bitcoin With Trump’s Fed Nominee ￰5￱ former BitMEX CEO was quite active on social media this week, warning that the US government won’t stop printing ￰6￱ could help BTC’s rally against the dollar, he explained, and added that the asset could skyrocket to $1 million, especially if Trump’s Fed nominee is ￰7￱ Soars, Bitcoin Stalls: Unpacking the Strange Divergence in Financial ￰8￱ the precious metal continues to build on during this historic year and chart new all-time highs against the greenback, BTC’s rally has stalled as of late, prompting some to question its safe haven status.

Bitcoin’s ‘True Top’ May Already Be In: Nadeau Warns of Déjà Vu From 2021 ￰9￱ while we are on the topic of a stalled bitcoin run, a recent report noted that the cryptocurrency’s true top might have already been in, and the analyst warned about a potential big correction on its ￰10￱ Postpones Decision on Truth Social Bitcoin ￰11￱ US Securities and Exchange Commission continues to delay making decisions on several crypto-focused ￰12￱ latest to experience a postponement was Truth Social’s Bitcoin ￰13￱ US Spot XRP & DOGE ETFs Break the Market With Record ￰14￱ the same time, REX-Osprey’s ETFs tracking the performance of DOGE and XRP went live for trading on Thursday.

Interestingly, both products saw massive demand , especially the one tied to Ripple’s native ￰15￱ Devs Announce Fusaka Release Schedule With Mainnet Launch in ￰16￱ several big updates already taken care of, Ethereum developers outlined the next scheduled ￰17￱ Fusaka, it should be completed by December in several stages, as the first one will launch on October ￰18￱ This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis .