Why Is Crypto Up Today? – September 17, 2025

Market Overview - The cryptocurrency market capitalization has increased by 1.1%, reaching $4.16 trillion, with a total trading volume of $146 billion [1][2] - 84 of the top 100 coins are showing positive performance, including 9 of the top 10 coins [2] Major Coins Performance - Bitcoin (BTC) has risen by 1.2%, currently trading at $117,255 [3] - Ethereum (ETH) is up 0.9%, trading at $4,544 [3] - Binance Coin (BNB) has the highest increase among major coins at 2.8%, trading at $954 [3] - XRP has increased by 1.5%, now priced at $3.02 [3] Underperforming Coins - Tron (TRX) is the only coin in the red, down 1.1% to $0.3419 [4] - Among the top 100 coins, 16 are showing negative performance, with Pump.fun (PUMP) down 5.1% [4] Notable Gainers - MYX Finance (MYX) has appreciated significantly by 43.2%, now trading at $15.65 [4] - Sky (SKY) has also shown a double-digit rise of 10.5%, trading at $0.07635 [4] Institutional Developments - Banco Santander has started offering retail crypto trading through its online bank Openbank [2] - The Ether Machine has filed for a SPAC merger with Dynamix Corporation to go public in the US [5] Economic Context - The US Federal Reserve is expected to announce a 25 basis point rate cut, which could influence the prices of major blue-chip coins [6] - Analysts suggest that a dovish outcome from the Fed could propel Bitcoin towards the $118,000 liquidation zone [6]