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

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

CryptocurrencyTickerPriceBitcoinBTC/USD$117,201.67EthereumETH/USD$4,581.02SolanaSOL/USD$246.71XRPXRP/USD$3.13DogecoinDOGE/USD$0.2804Shiba InuSHIB/USD$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…

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