BTC, XRP, SOL, DOGE Price Rally Continues After Fed Rate Cut - Crypto Market Analysis

Major cryptocurrencies including Bitcoin, Ethereum, XRP, and Solana have resumed their upward trajectory following the Federal Reserve's recent 25 basis point rate cut. Bitcoin reached $117,900, its highest level since August 17, while Ethereum gained 2.7% and altcoins like DOGE and SOL surged over 4%. The Fed's dovish stance and hint at accelerated easing have created favorable conditions for crypto assets, with analysts predicting Bitcoin could reach new all-time highs above $124,000 by October end. However, dollar index resilience at 97.30 poses potential headwinds for further gains. Institutional participation is expected to increase with CME's upcoming SOL and XRP options launch on October 13, providing better risk management tools for major investors.