Bitcoin Surges to $118K as Fed Cuts Rates, BNB Breaks $1,000 Barrier

Bitcoin and altcoins rallied strongly after the U.S. Federal Reserve confirmed a widely expected interest rate cut, with BNB stealing the spotlight by hitting a new four-digit all-time high.

Fed Sparks BTC Rally

Bitcoin traded flat in the hours leading up to the Fed’s policy announcement on Wednesday, slipping briefly to $114,800. Once the 25 basis point cut was confirmed, bullish momentum returned. Within hours, BTC surged past resistance to notch a multi-week peak near $118,000.

This move extends Bitcoin’s recovery from last week’s dip under $111,000. Strong support at that level triggered a steady rebound, capped by a pre-FOMC push above $117,000. At present, BTC hovers near $117,800, with volatility likely to persist as markets digest the policy shift.

BNB Hits Historic $1,000

While Bitcoin’s recovery captured attention, Binance Coin (BNB) delivered the standout performance. BNB surged more than 10% in a single session, breaking through the $1,000 milestone for the first time in history. This achievement solidifies BNB’s position as one of 2025’s strongest large-cap performers.

Altcoin Market Momentum

Broader market sentiment also improved, driving gains across major altcoins:

• PENGU led the top 100 with double-digit growth.

• Ethereum (ETH) reclaimed $4,700.

• Solana (SOL), XRP, and DOGE all posted notable daily gains.

Total crypto market capitalization jumped more than $80 billion overnight, lifting aggregate value back above $4.2 trillion, according to CoinGecko.

Outlook

The Fed’s first rate cut of 2025 has revived optimism across crypto markets. With Bitcoin reclaiming key levels and BNB reaching new highs, traders are watching closely to see whether momentum can carry into the fourth quarter — historically one of the strongest seasons for digital assets.