The cryptocurrency market witnessed a slight upswing on Friday as Bitcoin broke above the $116k barrier, while altcoins such as Solana and Dogecoin soared amid broader risk asset market’s anticipation around the Federal Reserve’s upcoming policy meeting. With expectations of an interest rate cut fueling investor confidence across equities, digital assets also signaled a potential continuation of latest momentum. Other than SOL and DOGE, small cap tokens like Avantis and MYX Finance soared while Numeraire, Linea and Bio Protocol pared recent gains amid ongoing profit taking. Will a Fed cut catalyze crypto rally The Federal Open Market Committee (FOMC) convenes on September 17, with markets pricing in a 90% chance of a 25 basis-point rate cut. Following latest CPI data, investors are also betting on a possible aggressive 50 basis-point reduction. Such easing measures are poised to inject liquidity into risk assets, potentially propelling Bitcoin higher. Altcoins could also move into new discovery phases. Even though historical precedents show Fed dovishness correlating with crypto booms, sticky inflation at 2.9% core CPI could introduce caution with investors advised to monitor post-meeting signals, as any deviation from expectations might trigger short-term dips before resuming the upward arc. Binance Research shared their outlook: Binance Research @BinanceResearch · Follow Crypto and global markets rally on Fed rate cut odds (92% for 25bps), but PPI-CPI gap and weak jobs data complicate policy. Altcoins hit July highs, and gold’s rally may spark crypto rotation. FOMC next.Dive in ➡️ binance.com/en/research/an… 7:02 PM · Sep 12, 2025 157 Reply Copy link Read 30 replies Bitcoin breaks through $116k Bitcoin has struggled with sell-off pressure in recent weeks, but it surpassed $116k on Friday as bulls gained confidence. At the time of writing, BTC hovered around $116,056. The surge follows sustained ETF inflows and bullish long-term bets, with experts projecting BTC could test $125k–$128k if it clears recent resistance levels around $120k. While institutional adoption continues to play a major role, investor anticipation has swelled ahead of the Federal Reserve’s meeting next week. Wall Street expects the Fed to cut its interest rate by at least 25 basis points, and a rally for stocks could cascade into BTC and top altcoins. Solana and Dogecoin prices surge The altcoin market is bullish, and Ethereum surged to above $4,600, and XRP reclaimed $3.00 as the BNB price broke above $917. Solana price climbed roughly 5% to trade above $240, showing a notable rebound from recent lows. The anticipation of Solana spot ETF approval continues to dictate sentiment, as does momentum from Solana treasury companies. SolanaFloor @SolanaFloor · Follow 🚨BREAKING: @galaxyhq Digital has accumulated 1.81M $SOL worth $432M in the past 24 hours, reportedly for Forward Industries’ $1.65B Solana treasury. Only 26% of the raise has been deployed so far, with 74% still remaining. 5:01 PM · Sep 12, 2025 234 Reply Copy link Read 16 replies Elsewhere, Dogecoin’s meme-driven momentum put it ahead of most of the top 10 coins. DOGE gained about 8% on the day to lead top performers in this category, as also ETF debut and potential approval buoy bulls. Among top performers, Avantis surged by over 41% in the past 24 hours, while MYX Finance jumped 38% and MemeCore by 23%. Ondo and Chainlink also surged. The opposite end had tokens such as Numeraire, Linea and Bio Protocol swinging lower amid continued profit taking. The post Crypto wrap: Bitcoin tops $116k as SOL and DOGE gain ahead of Fed rate decision appeared first on Invezz
