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The crypto market ended a volatile week amid the U.S. Federal Reserve’s first interest rate cut of 2025. Bitcoin edged up 0.2% to $115,792 but failed to break past $118,000, prompting mixed analyst outlooks.
Crypto Market Volatility Amidst Fed Rate Cut
The crypto economy closed another volatile week, even as the U.S. Federal Reserve cut interest rates for the first time in 2025. After starting the week just under $4.17 trillion, the market capitalization briefly rose to nearly $4.2 trillion on Sept. 19 before dropping to $4.12 trillion by Sept. 20, as the bullish sentiment appeared to dissipate.
Bitcoin ( BTC), which nearly reached $118,000 on Sept. 18, closed the week 0.2% higher at $115,792. While the rate cut helped push the top cryptocurrency higher, its failure to break past the $118,000 mark has prompted one analyst to suggest it may have topped and could be headed for a retreat. However, another report noted that if volume increases and the price breaks through the $117,000 level, a move toward the $118,000–$119,000 resistance zone is likely, reinforcing the bullish case for further upside momentum.
The performance of altcoins was mixed, with some registering double-digit gains while the majority ended the week in the red. ETH and XRP, which initially coasted after the Federal Open Market Committee (FOMC) decision, closed the period 3.4% and 4.4% lower, respectively. DOGE (7.2%) and LINK (6.1%) were the only high-capitalization altcoins with losses exceeding 5%.
FORM was the top loser of the week, shedding 42% of its value. It was followed by TROLL (40.3%), PYTHIA (38.9%), REI (36.7%), and USELESS (35.4%).
On the other hand, BNB completed a strong week by notching another all-time high of $1,027.17 on Sept. 20, pushing its market capitalization past $140 billion. BNB’s latest surge brought its gains over seven days to nearly 10%, making it one of the best-performing altcoins in the period. AVAX was another high-cap altcoin to register double-digit gains (12%), while WFLI closed the week 5.8% higher.
APX was the top gainer of the week, having skyrocketed by over 1,691%. It was followed by CDL, which rose by just over 400%, and AVNT (192%).