Crypto Rebounds After Fed Rate Cut, BNB Hits New All-Time High
Bitcoin, Ethereum, and altcoins rally as traders turn bullish after the Federal Reserve signals further rate cuts this year.
Major digital assets rebounded on Thursday after falling the previous day, following the Federal Reserve’s first rate cut of the year: a 25 basis point reduction on Wednesday.
Bitcoin (BTC) is trading at around $117,750, up about 2% over the past 24 hours. Ethereum (ETH) is trading near $4,630, gaining roughly 3% on the day.
XRP is up 3% at $3.12, while Solana (SOL) has climbed 6% to $249.BNB is trading near $995 after briefly topping $1,003 to set a new all-time high. The token’s momentum is being fueled by rising network activity and reports that Binance may be nearing a deal to sidestep the Department of…
