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Bitcoin Stabilises Near $116,900 as Altcoins Push Higher

Bitcoin Stabilises Near $116,900 as Altcoins Push Higher

Bitcoin and Ethereum hold firm after Fed rate cut, while traders eye liquidity flows, ETF moves, and Powell’s comments.

Written by Rahul Dhingra, Edited by Manas Mitul | Updated: 19 September 2025 15:02 IST

Bitcoin Stabilises Near $116,900 as Altcoins Push Higher

Photo Credit: Unsplash/Kamil Molendys

Traders eye Powell’s comments as Bitcoin consolidates near $116,800.

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Highlights

Bitcoin Sees One of Its Strongest Mid-September Rallies in Years
Ethereum gains momentum with $3.8 billion whale inflows
Solana, BNB, and Dogecoin consolidate with strength

Crypto markets are set to enter the weekend on a steady note after the US Federal Reserve's 25 basis points (bps) rate cut earlier this week. Bitcoin is trading at $116,900 (roughly Rs. 1.03 crore) and Ethereum (ETH) is priced at $4,500 (roughly Rs. 3.99 lakh), while other major tokens like XRP, BNB, Solana, and Dogecoin are also reflecting resilience. This month marks one of the best mid-month rallies for Bitcoin, as the current price action marks an eight percent gain. Bitcoin stands at Rs. 1.02 crore, while Ethereum trades at Rs. 3.98 lakh as per the price tracker on Gadgets 360.

Altcoins Like XRP, Solana, BNB, and Dogecoin Maintain Strength as Traders Await Powell's Signals

XRP trades at $3.03 (roughly Rs. 267), Binance Coin (BNB) at $997.02 (roughly Rs. 87,900), Solana (SOL) at $244.20 (roughly Rs. 21,500), and Dogecoin (DOGE) is consolidating at $0.2757 (roughly Rs. 24). Traders now await Federal Reserve Chair Jerome Powell's commentary for more signals on rate direction and its potential to drive risk-on appetite in crypto.

The CoinSwitch Markets Desk highlighted that crypto markets were showing signs of moderation after a strong start to September and further added, “ If BTC breaks above resistance with volume, further gains are possible, but a failure could lead to a pullback toward support. On the flows front, Bitcoin spot ETFs have enjoyed strong inflows recently: ~$2.3 billion (roughly Rs. 20,269 crore) over a recent week [...] Ethereum (ETH) ETFs, by contrast, have seen some outflows of $60–70 million (roughly Rs. 528 crore–Rs. 617 crore).”

Australia’s ASIC Grants Exemptions to Stablecoin Intermediaries

Avinash Shekhar, Co-founder & CEO of Pi42, shared his perspective, “The market is now watching a strong probability of fresh all-time highs within weeks [...] Altcoins are also taking the spotlight, Solana climbing near $250 (roughly Rs. 22,040) and Chainlink outperforming peers on strong momentum. Dogecoin is particularly noteworthy [...] Overall, sentiment remains constructive, with capital rotation into altcoins reinforcing the bullish undertone across the market.”

Edul Patel, CEO of Mudrex, commented on intraday dynamics, “With the Dollar remaining under pressure, despite the rate cut, inflows into safe-haven assets such as Bitcoin are expected to increase, helping in the price action. Meanwhile, Ethereum is also gaining momentum, supported by whale accumulation of $3.8 billion (roughly Rs. 3,35,830 crore) worth of ETH in just 72 hours.”

Market traders will keep a watchful eye on Powell's comments and macroeconomic data for further cues on the sustainability of this current rally. A breakthrough above $118,500 (roughly Rs. 1.04 crore) could pave the way for some new highs, while a support near $115,000 (roughly Rs. 1.01 crore) may act as a cushion for downside risks.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Cryptocurrency Prices across Indian exchanges

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Further reading: Bitcoin, Ethereum, BTC, Crypto Market

Rahul Dhingra

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Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More