Bitcoin Taps $117,000, Ethereum, XRP, Dogecoin Shine On Federal Reserve Rate Cut

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Cryptocurrency markets rallied on Thursday morning after the Federal Reserve delivered its anticipated 25-basis point rate cut, lifting risk sentiment across digital assets

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$117,201.67
Ethereum	(CRYPTO: ETH)	$4,581.02
Solana	(CRYPTO: SOL)	$246.71
XRP	(CRYPTO: XRP)	$3.13
Dogecoin	(CRYPTO: DOGE)	$0.2804
Shiba Inu	(CRYPTO: SHIB)	$0.00001334

Notable Statistics:

Coinglass data shows 107,269 traders were liquidated in the past 24 hours for $400.85 million.
SoSoValue data shows net outflows of $51.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $1.9 million.

Trader Notes: Crypto Caeser said that Bitcoin reclaiming $117,000 could mark a successful breakout and pave the way to $120,000, though another rejection risks a move back to lower support.

Daan Crypto Trades highlighted $118,000 as the critical level, a high-volume node and the top of the initial Powell rally after Jackson Hole’s dovish talk. Holding above could quickly send BTC back to range highs.

$BTC The $118K level is important as it is the high volume node within this range. Meaning most volume traded at this price level.

It also marked the top of the initial Powell up candle after the Jackon Hole Dovish talk. So this is a good one to keep an eye on.

Above $118K I… pic.twitter.com/Z5pORqGdgm

— Daan Crypto Trades (@DaanCrypto) September 18, 2025

Crypto chart analyst Ali Martinez noted the TD Sequential on Ethereum’s chart is flashing a sell signal after calling the bottom. He predicts a potential drop toward $4,570.

Altcoin Sherpa said Solana is pressing against the long-standing $250 resistance from 2021. A breakout could trigger strong upside momentum.

Dark Defender pointed out XRP’s strong daily RSI, with resistance at $3.10 weakening, suggesting a possible breakout above $3.1097.

Scofield highlighted that Dogecoin is preparing for its next leg higher.

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This article Bitcoin Taps $117,000, Ethereum, XRP, Dogecoin Shine On Federal Reserve Rate Cut originally appeared on Benzinga.com