🚀 BTC Rockets Past $118K on Fed’s Surprise Cut, BNB Smashes $1K Barrier: Markets Explode

Fed's shock rate cut sends crypto markets into overdrive—Bitcoin and BNB lead the charge with historic breakouts.

Bitcoin's Monumental Surge

BTC doesn't just climb—it obliterates resistance, hitting a staggering $118,000 as liquidity floods the system. The Fed's move catches traditional markets off guard, but crypto traders are already positioned for the pump.

BNB Joins the Elite Club

Not to be outdone, Binance's native token cracks the $1,000 ceiling—a psychological barrier that had skeptics scrambling. Exchange tokens aren't supposed to move like this, but then again, traditional finance rules never applied here anyway.

Market Dynamics Shift Instantly

Volatility spikes as algorithmic traders front-run the news—because who needs fundamentals when the printer goes brrr? Meanwhile, Wall Street analysts are still debating whether crypto is a 'real asset class' while digital portfolios 10x.

Another day, another reminder that decentralized markets move faster than centralized decision-making. The Fed plays checkers; crypto plays 4D chess.

BTC Eyes $118K

Bitcoin’s gradual price increase began at the beginning of the previous business week. At the time, the asset dipped to just under $111,000, but that support held the price, and it started to recover almost immediately. By Friday, it had climbed to $116,000 but faced some resistance there from the bears.

It couldn’t continue upwards during the weekend but tapped $116,800 on Monday morning, only to be pushed south to $114,400 later that day. The bulls reemerged at that point and didn’t allow another breakdown. Just the opposite, BTC started to gain traction and jumped to $117,200 yesterday ahead of the highly anticipated FOMC meeting.

In the hours leading to the Fed’s announcement, Bitcoin lost some ground and dipped to $114,800. However, it had recovered to roughly $116,000 when the US central bank outlined a 25 bps rate cut, as many anticipated.

At first, bitcoin remained relatively still but jumped during the early morning Thursday session to a new multi-week peak of almost $118,000. It was stopped there, for now at least, and sits at just over $117,000 as of press time.

Its market cap has risen to $2.335 trillion on CG, but its dominance over the alts has taken a big hit and is down to 55.6%.

BNB Taps $1K

The declining BTC dominance means that many alts have outperformed it over the past day. This is particularly true for PENGU (14%), M (13%), AVAX (9%), and SUI (8%), which lead in terms of daily gains.

HYPE, BCH, HBAR, LINK, SOL, DOGE, and ADA have charted price increases of up to 6%. BNB has added 4.5% on a daily scale, but managed to break through $1,000 to chart a new all-time high earlier today. ethereum is close to $4,600, while XRP is at $3.1.

The total crypto market cap is up by $60 billion since yesterday and is above $4.2 trillion on CG.