The post Crypto News Today (Sept 19th, 2024): Crypto Market Up as FED Interest Rate Favors Investors appeared first on Coinpedia Fintech News

Cryptocurrency News Today: The market now seems to be back in action, as the global market cap rises by 2.78% to conquer the $2.14 T mark. The move comes in view of the U.S Federal Reserve slashing the interest rates by 50 basis points, a first-time move in 4 years. As a result, Bitcoin price is now well above $62k, Ethereum price at ~$2.4k, Solana price at ~$138, and XRP at $0.5875.

Bitcoin Price Today: Trump Backs BTC?

The Bitcoin price has taken a bullish leg-up, with gains of 2.79%, landing the price at $62,116.43. BTC also welcomed a spike of 15.78% in transaction volumes. The run was fueled by the optimism following rate cuts, and Donald Trump using Bitcoin to pay for burgers. 

Keen on the BTC price targets? Our Bitcoin Price Prediction answers that and much more!

Altcoins Today: ETH, SOL, XRP Price Back Up

Driven by positive market sentiments, Ethereum price is back at its crucial levels of $2,400, with gains of 4.29%. Solana, BNB, and XRP too have followed suit with surges of 5.91%, 2.98%, and 1.42% respectively.

For long-term price targets of ETH, read our Ethereum Price Prediction

Top Crypto Gainers Today: 

• SEI price is up a remarkable 22.35% after being under the dominance of bears
• Popcat ranks second, with gains of 21.65% that boosted the price to $0.8702
• Fantom continues its uptrend with a surge of 16.08%, with its price at $0.6631

Top Crypto Losers Today:

• CKB price has fallen to the bears, with a change of -7.76% to its price tag of $0.01792
• KCS token with losses of 3.64% trades at $7.44
• XMR took a dip of 2.10% to land at the mark of $170.89.

The crypto market witnessed a bullish leg-up following FED’s announcements. This led to the fear & greed index signaling a neutral score of 44. As a result, the volumes in 24 hours rose by 18.66% to $91.69B.