What Happened In Crypto Market Today: XRP And DOGE ETF Launch Tomorrow

The crypto market surged by $80 billion just after U.S. Federal Reserve Chair Jerome Powell announced a rate cut. Altcoins led the rally, pushing the overall market capitalization up by 0.9% at 4.18 trillion with trading volume of 194 billion.

Bitcoin's dominance over the market is 55.6% and Ethereum's at the same time 13.3%. The largest industry right now is Appchains and the XRP Ledger Ecosystem.

Major Crypto Market Events Today

Source: Forex Factory

24-Hour Cr ypto Market Update

Bitcoin price today stood at $116,560, slightly fell by 0.1% with trading volume of 56.16 billion and market cap of 2.32 trillion.

Binance Coin (BNB) reached its all-time high of $989.78, marking a 2.93% daily rise in trading volume. Yesterday, on 17 September, $2B in stablecoin flowed into Binance before the FOMC meeting on the interest rate decision.

Top 3 trending crypto coins Today: In the past 24 hours, Undeads Games (UDS) traded at $1.82, surged by 1.3% with a TV of $883K. Aster Staked BNB (ASBNB) stood at $1,040.09, rose by 2.6% recording $136k in TV. Meanwhile, Syndicate (SYND) fell by 50.3% to $0.7124 with $8.39M TV.

Top 3 gainers: In the past 24 hours, APX emerged as the top gainer, surging 386% to $0.4653 with a trading volume of $134.2M. Aster (ASTER) followed, jumping 326.8% to $0.7002 on $765K volume, while Aspecta (ASP) rose 56% to $0.2187 with $1065M traded.

Top 3 losers: In the past 24 hours, Syndicate (SYND) emerged as the biggest loser, dropping 48% to $0.7267 with a trading volume of $8.35 million. Ethernity Chain (ERN) followed, sliding 47.4% to $3.07 on $55K volume, while OpenxAI (OPENX) fell 20.1% to $1.03 with $2.31M traded.

The market cap of stablecoins $295 billion, stable with no current changes in the past 24 hours, with a trading volume of $143.63 billion.

The current market cap of DeFi is 171 billion, and it rose 3.1% in the past 24 hours. Its daily trading volume reached $10.98 billion. Defi dominance stood at 4.3%.

Fear and Greed Index Today

Source: Alternative Me

The Bitcoin Fear and Greed Index Today is Neutral (52), standing the same as yesterday as well as last week, with minor changes. However, less than last week 56 (greed). This signals that investors are neither cautious nor taking risks in the crypto industry.

Latest Market News Today

The U.S. SEC has approved rule changes by Nasdaq, Cboe BZX, and NYSE Arca, allowing Commodity-Based Trust Shares to be listed under generic standards. This streamlines the process for eligible assets. Analysts note that crypto tokens with six months of futures trading on Coinbase Derivatives could now qualify.

The Federal Reserve cut interest rates by 25 basis points, lowering the target range to 4–4.25%. The FOMC statement struck a dovish tone, signaling at least 2 more cuts this year. Most officials supported the move, though Stephen Miran dissented, favoring a larger 50 basis point cut.

The U.S. SEC has approved the listing and trading of Grayscale’s Digital Large Cap Fund (GDLC), which includes Bitcoin, Ethereum, XRP, Solana, and Cardano. Alongside, it also cleared p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and Mini-Cboe Bitcoin U.S. ETF Index, marking a regulatory milestone.

REX-Osprey will launch the first U.S. spot ETFs for XRP and Dogecoin tomorrow, using tickers XRPR (for XRP) and DOJE (for DOGE).

CME Group announced plans to launch options on Solana (SOL) and XRP futures starting on October 13, pending regulatory approval. The contracts will include standard and micro-options with daily, monthly, and quarterly expirations, offering traders more flexibility and expanding institutional hedging tools for these fast-growing cryptocurrencies.

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