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Market snapshot: Major cryptocurrencies climb
Crypto markets rallied Friday afternoon (New York time), with BNB reaching a fresh all-time high and several major altcoins posting strong gains. Bitcoin and Ethereum both recorded their highest prices so far this month, fuelled by spot ETF inflows, softer U.S. inflation data and renewed investor appetite for risk assets.
BNB breaks past $900 amid sustained momentum
BNB, the native token issued by Binance and currently the sixth-largest cryptocurrency by market capitalization, climbed above $926, according to CoinGecko. The token is up roughly 3% on the day and has gained nearly 9% over the past seven days. Over the last 12 months BNB has risen about 70% and continued to set new all-time highs throughout 2025 after first surpassing $800 earlier in the year.
Dogecoin and other alts surge
Dogecoin posted one of the largest daily moves among major coins, trading above $0.27 after an intraday jump of more than 8%. DOGE has advanced approximately 25% over the past week, outperforming many altcoins in the short term even as some investors waited for ETF developments. Notably, the first U.S. DOGE ETF from Rex-Osprey was paused and held from trading until next week, but market momentum lifted the original meme coin regardless.
Bitcoin and Ethereum reach monthly peaks
Bitcoin and Ethereum benefited from robust ETF demand, with BTC trading near $116,331 and ETH around $4,675 at the time of reporting. Both assets hit their highest levels in September as U.S. spot Bitcoin funds recorded inflows throughout the week and Ethereum ETFs posted positive flows for several consecutive days.
Spot ETF inflows and macro catalysts
Investors cited cooling U.S. inflation data as a key driver. Lower-than-expected inflation increased expectations that the Federal Reserve may cut interest rates in the coming months, a scenario that typically supports risk assets like cryptocurrencies. Market participants view potential easing of monetary policy and continued ETF allocations as constructive for Bitcoin, Ethereum and broader altcoin markets.
Solana and broader altcoin performance
Solana, the fifth-largest cryptocurrency by market cap, climbed to levels not seen since January, trading near $240 after a daily gain of about 6%. The broader altcoin market rallied off BTC and ETH strength, demonstrating renewed liquidity and investor interest across decentralized finance (DeFi) and layer-1 ecosystems.
Crypto firms in the public markets
Coinciding with the token rally, digital-asset exchange Gemini debuted on the Nasdaq with an approximate valuation of $4.4 billion. GEMI shares opened at $37.01—about 32% above the revised IPO price of $28—and closed the session around $32. The listing is the latest public-market appearance from crypto firms following earlier debuts by Circle, Bullish and eToro.
As retail and institutional demand for Bitcoin and Ethereum exposure continues to grow via spot ETFs, market watchers will be closely monitoring macro data, ETF flows and regulatory developments that could influence near-term price action across crypto markets.
Source: finance.yahoo
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