A Historic Day for Crypto as Fed Pivots to a Dovish Stance
The crypto market experienced a dramatic surge on September 17, 2025, as the Federal Reserve announced its first interest rate cut of the year. The move, widely interpreted as a dovish pivot, sent a powerful signal of confidence throughout the global financial markets. This decision, following a period of cautious sentiment and recent weak jobs data, provided the market with the catalyst it had been waiting for.
Bitcoin’s Price Reclaims Key Levels
Bitcoin’s price exploded, climbing over 4% to trade above the $116,000 mark. This rally was a direct response to the Fed’s announcement, which reignited institutional and retail interest in riskier assets. Analysts noted that Bitcoin’s ability to quickly reclaim key resistance levels is a strong indicator of market resilience. The price action suggests that the asset is now positioned to challenge its recent all-time high in the coming weeks.
Ethereum Surges as the DeFi Narrative Strengthens
Ethereum’s price also saw a dramatic increase, climbing over 6% to trade at a new high for the month. The Fed’s rate cut is seen as a major win for Ethereum, as it directly benefits its ecosystem. The reduction in borrowing costs and an increase in liquidity are expected to boost decentralized finance (DeFi) activity, strengthening Ethereum’s role as the foundational layer of Web3. New reports are now forecasting that ETH could reach a new all-time high of $5,000 by the end of the month.
Altcoins See Widespread Gains and Key Developments
Kaspa’s Price Jumps on Renewed Optimism
Kaspa’s price saw a significant increase, following the broader market’s rally. The network’s community and developers are focused on building dApps on the newly launched Casplex Layer 2. The coming days will be critical for determining whether the Layer 2 launch can generate long-term momentum.
SUI Rallies with Renewed Buying Pressure
Sui’s price showed a strong recovery, climbing to trade at $3.65. This price action suggests that the market has fully absorbed the supply shock from the recent token unlock. This rebound highlights the underlying demand for SUI at these levels, which prevented a deeper correction.
XRP Sees a Strong Rally on Bullish Market Sentiment
XRP’s price also saw an increase, recovering from its recent dip and showing renewed strength. The token’s performance was in line with the broader market’s renewed optimism. A new report highlighted that a publicly traded company, Hyperscale Data, had purchased 1,700 XRP tokens last week, a sign of growing corporate interest in the asset.
Cardano (ADA) Continues to Build Momentum
Cardano’s price saw a modest recovery, following the broader market’s positive trend. The token’s performance was in line with other major altcoins, suggesting that its price is still tied to the overall market sentiment. The community continues to focus on a potential Cardano ETF as a major catalyst for future growth.
Shiba Inu (SHIB) Sees a Major Price Jump
Shiba Inu’s price saw a major increase, following the broader market’s recovery. The meme coin’s volatility is still high, and its price is heavily influenced by speculative trading. The community continues to focus on the token’s burn rate and the development of its Shibarium ecosystem for future growth.
Dogecoin (DOGE) Recovers with the Broader Market
Dogecoin’s price saw a modest increase, recovering from its recent dip. The meme coin’s performance was in line with other major altcoins, suggesting that its price is still tied to the broader market’s movements. Recent news about a potential new treasury plan has not been enough to provide a strong catalyst for a sustained rally.
Pi Network (PI) Struggles with Liquidity and Community Doubts
The Pi Network’s token, PI, also saw its price dip, following the broader market’s negative trend. Despite a recent hackathon announcement, the token is still struggling to gain momentum due to a lack of listings and liquidity. Many investors are now looking for other utility-driven altcoins with real-world applications.
| Cryptocurrency | Current Price | 24h Price Change | Key Catalyst / News |
|---|---|---|---|
| Bitcoin (BTC) | ~$116,000 | +4.0% | Explodes on Fed rate cut, reclaiming key resistance. |
| Ethereum (ETH) | ~$4,680 | +6.0% | Surges as rate cut boosts DeFi and staking narratives. |
| XRP | ~$3.10 | +3.0% | Rallies with renewed bullish sentiment. |
| Cardano (ADA) | ~$0.90 | +2.5% | Follows the market with a strong recovery. |
| Shiba Inu (SHIB) | ~$0.0000130 | +4.0% | Price jumps with a renewed speculative interest. |
| Dogecoin (DOGE) | ~$0.22 | +3.5% | Recovers with the broader market. |
| Kaspa (KAS) | ~$0.093 | +2.0% | Price holds steady, awaiting dApp adoption. |
| SUI | ~$3.70 | +2.5% | Rallies with renewed buying pressure. |
| Pi Network (PI) | ~$0.34 | +0.5% | Struggles with liquidity despite community-driven hackathon. |
