In brief
- Major altcoins like Dogecoin and Solana surged on Friday, with BNB hitting a new all-time high price.
- Their gains came off the back of Bitcoin and Ethereum price jumps, with both at their highest points this month.
- Investors are feeling good about the Fed cutting interest rates next week—which could benefit crypto markets.
Crypto markets jumped Friday afternoon New York time, with BNB hitting a new all-time high and other major altcoins posting sizable gains as Bitcoin and Ethereum reached their highest respective marks so far in September.
BNB—the sixth-biggest digital coin by market cap—touched a new high above $926, where it currently sits, CoinGecko data shows. It’s up 3% over the last day.
BNB, an asset launched by Binance, the world’s biggest crypto exchange, has jumped by nearly 9% over a seven-day period. It’s up 70% over the last year and has repeatedly set all-time highs in 2025, as BNB only breached the $800 mark for the first time this year.
Elsewhere, Dogecoin has soared and was recently trading for over $0.27 after a more than 8% jump on the day. DOGE has jumped by 25% over the last week, despite missing out on some of the major gains seen by Bitcoin and Ethereum in recent months.
The original meme coin is currently the biggest winner over the past day despite the first DOGE ETF to launch in the U.S., Rex-Osprey’s Doge ETF, being halted for trading until next week.
Its rise comes as other alts have boomed in price. Solana, the fifth-largest coin, hit its highest price since January on Friday afternoon New York time. It was recently priced at $240 after having jumped by 6% in the last day.
Altcoin markets surged off of Bitcoin and Ethereum gains. The two biggest cryptocurrencies were recently trading for $116,331 and $4,675, respectively, as U.S. investors pile into ETFs giving exposure to the coins.
Bitcoin on Friday hit its highest price in a month following a stellar week for spot ETFs. The American funds have seen positive inflows all week ahead of Friday, while Ethereum ETFs have seen positive flows the last three days. Ethereum also hit its highest mark so far in September on Friday.
Investor interest in digital assets climbed after data this week showed inflation in the U.S. had cooled, increasing the chances that the Federal Reserve will cut interest rates next week, experts told Decrypt. Bitcoin and other digital assets have generally done well in a low interest rate environment.
Meanwhile, digital assets exchange Gemini started trading on the Nasdaq at an approximately $4.4 billion valuation on Friday. It’s the latest crypto company to go public this year after roaring debuts on stock exchanges by stablecoin giant Circle, crypto exchange Bullish, and brokerage platform eToro.
Gemini’s stock opened at $37.01 per share, a 32% increase compared to its upped IPO price of $28. GEMI finished the trading day at a price of $32 per share.
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