Bitcoin Taps $117,000, Ethereum, XRP, Dogecoin Shine On Federal Reserve Rate Cut

Cryptocurrency markets rallied on Thursday morning after the Federal Reserve delivered its anticipated 25-basis point rate cut, lifting risk sentiment across digital assets

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $117,201.67
Ethereum (CRYPTO: ETH) $4,581.02
Solana (CRYPTO: SOL) $246.71
XRP (CRYPTO: XRP) $3.13
Dogecoin (CRYPTO: DOGE) $0.2804
Shiba Inu (CRYPTO: SHIB) $0.00001334

Notable Statistics:

  • Coinglass data shows 107,269 traders were liquidated in the past 24 hours for $400.85 million.   
  • SoSoValue data shows net outflows of $51.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $1.9 million.

Trader Notes: Crypto Caeser said that Bitcoin reclaiming $117,000 could mark a successful breakout and pave the way to $120,000, though another rejection risks a move …

Full story available on Benzinga.com