The crypto market is buzzing with positive movement following the recent FOMC rate cut of 25 basis points, which has set an optimistic tone across major digital assets. Bitcoin is holding firm around the $117,000 mark, showing resilience as traders look for signals of future growth. Ethereum has climbed to just above $4,500, seeing a modest gain in the last day. XRP is also performing well, reaching close to $3.07 after a 1.6% boost. Historically, similar rate cuts have paved the way for notable price surges in riskier assets over subsequent weeks, fueling cautious excitement among investors.

Altcoins are gathering momentum too, benefitting from capital rotating out of Bitcoin. Solana has surged to $244, registering a 3.2% increase today and an impressive 26% gain over the week, largely driven by rising DEX volumes. BNB is making headlines by hitting the significant milestone of $1,000, with its total value locked on Binance Smart Chain reaching $7.8 billion—up nearly 10% this week—reflecting increasing confidence in the space.

Market indicators are pointing to a sustained bullish environment. Bitcoin’s open interest stands at approximately $85 billion, with a clear dominance in long positions since the rate cut. Ethereum continues to benefit from strong inflows into its ecosystem, with Layer‑2 protocols’ total value locked surpassing $40 billion, and ETF inflows topping $1.2 billion weekly. Meanwhile, XRP is solidifying its institutional appeal as CME options trading volume has doubled to around $15 billion.

While there is always room for short-term corrections, especially for Bitcoin potentially dipping below $115,000, the broader outlook remains bullish with hints at further rate cuts from the Federal Reserve in the months ahead. Overall, the total DeFi market cap sits at $4.2 billion, underscoring robust growth as the crypto sector strengthens its position against traditional markets.