Market recovered most of its losses following the FOMC meeting. As of now, $BTC is trading at $116,425 and $ETH at $4,590, with Bitcoin dominance at 57.61%.
The Fed lowered its benchmark interest rate by 25 basis points to a target range of 4.00%–4.25%, marking its first rate cut since December. Chair Powell described the move as a “risk-management cut,” citing a softening labor market, while emphasizing that inflation remains a concern. Fed projections also signal the possibility of two more standard cuts this year.
Other headlines include: the SEC approving new exchange listing standards to fast-track crypto ETF listings, Kalshi partnering with Solana and Base to boost on-chain innovation, and Forward Industries announcing a $4 billion ATM equity offering to support its Solana treasury strategy.
During the last 24 hours, the top three gainers were
