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- Debashree Patra
Debashree Patra
- Reviewed by:
Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Sep 17, 2025 07:27 UTC
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Why Crypto Market is Up Today?
Bitcoin nears $116K as traders await Fed’s 25 bps rate cut; $3.3B inflows show rising institutional crypto demand.
Ethereum, Solana, and altcoins face mixed action as analysts debate short-term dips vs. long-term breakout potential.
Bitcoin (BTC) is trading around $116,364, up about 1% over the past 24 hours. Ethereum (ETH) is slightly down, near $4,486, reflecting softer investor confidence for now. Solana dropped 0.9%, but Cardano gained 1.1%.
In meme coins, Dogecoin dipped 0.8%, while TRUMP ticked up 0.2%. Despite the gains, altcoins are reacting mixed, with some rising, others lagging. Overall, traders are on alert ahead of major policy and macroeconomic decisions.
Why Are Crypto Prices up Today?
One of the main drivers of optimism is the expectation that the U.S. Federal Reserve will announce an interest rate cut of about 25 basis points. Lower borrowing costs often push investors toward riskier assets, including Bitcoin and other cryptocurrencies.
Adding to this bullish sentiment, crypto investment products attracted $3.3 billion in inflows last week, with Bitcoin-focused funds pulling in $2.4 billion. This brought total digital asset assets under management to nearly $239 billion, showing strong institutional appetite for exposure to Bitcoin.
FOMC Expectations
The Fed’s policy announcement is the single most important short-term event for markets right now. According to the CME FedWatch Tool, traders see a 96% chance of a 25-basis-point cut.
Some analysts, like Fundstrat’s Tom Lee, believe this could fuel a “monster move” for both Bitcoin and Ethereum in the coming months. But others are cautious.
Analyst Ted warned that Bitcoin could first drop to $104,000, or even as low as $92,000, before bouncing to new highs. This split view highlights how unpredictable the market could be, even under favorable conditions.
Crypto Market Predictions
Bitcoin’s battle with the $116K resistance level remains central. A decisive break above could set the stage for another leg higher if the Fed delivers the expected rate cut.
Ethereum, meanwhile, is under close watch for how it handles DeFi adoption, staking demand, and tokenization.
Citi recently projected ETH could finish the year near $4,300, supported by its growing role in stablecoins and blockchain-based finance.
Solana continues to attract institutional interest despite short-term weakness. Strong inflows into ETFs and its developer momentum keep it on the radar of big investors. XRP is also riding market speculation around potential ETF approvals and renewed interest in altcoins.
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FAQs
Crypto prices are rising due to expectations of a Fed rate cut, which boosts risk assets, and strong institutional inflows of $3.3B into crypto investment products last week.
A 25 bps rate cut could fuel a “monster move” upward for Bitcoin, though short-term volatility may cause dips to $104K-$92K before potential new highs.
Institutions are attracted to crypto as a hedge and growth asset, with Bitcoin ETFs alone drawing $2.4B last week, pushing total crypto AUM to $239B.
Bitcoin leads with 1% gains, while Cardano rose 1.1%. Ethereum and Solana dipped slightly, showing mixed altcoin performance ahead of key macro events.
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