TLDR
- Bitcoin reaches a four-week high of over $117K ahead of the FOMC meeting, maintaining its upward momentum.
- Binance Coin (BNB) sets a new all-time high at $960, outpacing other large-cap altcoins.
- The total crypto market cap rises by $140 billion, reaching $4.14 trillion, as some altcoins show significant gains.
The cryptocurrency market has witnessed notable price movements today, with Bitcoin (BTC) climbing to a multi-week peak of over $117,200. This surge comes just hours before the much-anticipated Federal Open Market Committee (FOMC) meeting. While Bitcoin has made significant strides, the altcoin landscape remains relatively stable, although Binance Coin (BNB) has marked a new all-time high.
REMINDER 🚨
FOMC RATE CUT DECISION WILL HAPPEN TODAY AT 2PM ET.
THE MARKET IS EXPECTING 95% PROBABILITY OF A 25BPS CUT.
AT 2:30PM ET, POWELL PRESS CONFERENCE WILL START.
IF POWELL HINTS OF MORE RATE CUTS, MARKETS WILL GO PARABOLIC. pic.twitter.com/bO7Bpx5VmU
— Ash Crypto (@Ashcryptoreal) September 17, 2025
Bitcoin’s Upward Momentum Continues
Bitcoin has experienced a steady upward trend over the past week. After bouncing from the $111,000 support level last Tuesday, BTC gained momentum. By Friday, it had risen to over $116,000, but the price stalled at that level for a few days. Despite an initial rejection at $116,800 on Saturday, Bitcoin showed resilience and moved upward again on Monday, briefly reaching $114,400 before surpassing $117,000 earlier today.
Although Bitcoin has slipped slightly from its peak, it remains in positive territory on the day. This price action comes as the crypto market braces for potential volatility in light of today’s FOMC meeting. Analysts have speculated that the U.S. Federal Reserve may lower interest rates, a move that could have significant implications for market sentiment. Currently, Bitcoin’s market capitalization stands at $2.325 trillion, and its dominance over the broader altcoin market has climbed to 56.2%, further solidifying its leading position.
Binance Coin (BNB) Sets New Record
Meanwhile, Binance Coin (BNB) has made headlines by hitting a new all-time high. Earlier today, BNB reached a price of $960, marking a fresh peak. The rally for Binance Coin stands in contrast to the broader altcoin market, where most larger-cap cryptocurrencies have shown minimal movement. While some coins like HYPE and LINK have seen slight gains, others such as AVAX, XLM, and HBAR are down on the day.
BNB’s rise to new heights comes as the coin continues to benefit from the growth and activities within the Binance ecosystem. Binance Coin’s upward trajectory has further intensified interest among investors, especially with BNB approaching significant price levels. As a result, BNB now stands out as one of the top performers in today’s crypto market.
Altcoins Show Mixed Movements
For the most part, the rest of the cryptocurrency market has remained relatively stable. Larger-cap altcoins, including Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), and Dogecoin (DOGE), have not seen notable price movements. However, there have been exceptions.
HYPE has approached its own all-time high, trading at $55, while MYX has surged by over 50%, breaking above $16. In contrast, tokens like IP and SKY have seen more modest increases of 6% and 5%, respectively. Despite the mixed performance across various assets, the total crypto market cap has risen significantly, reaching $4.140 trillion, up by more than $140 billion over the past few days.
While Bitcoin’s performance continues to dominate the headlines, altcoins like BNB and MYX demonstrate that there are still opportunities for significant price action. These developments suggest a continued sense of optimism in the broader market, with many anticipating further volatility once the FOMC announcement is made later today.
As the day progresses, the crypto market’s focus will likely shift toward the Federal Reserve’s decisions. The outcome of the FOMC meeting could have substantial effects on market sentiment, particularly for Bitcoin and other assets like BNB, which have already shown significant strength. Investors and analysts alike are watching closely for any hints regarding future interest rate policies and their potential impact on both traditional and digital assets.
