Simply put
- Major altcoins like Dogecoin and Solana experienced substantial gains on Friday, with BNB hitting an all-time high.
- Despite these gains, their performance hasn’t quite matched that of Bitcoin and Ethereum, both of which are at their peak for the month.
- While investors may be optimistic about potential rate cuts from the Fed next week, this could benefit the crypto market.
On Friday afternoon, New York time, the crypto markets saw a notable surge, with BNB achieving significant gains along with other major altcoins, as Bitcoin and Ethereum reached their highest values this September.
Data from Coingecko shows that BNB, currently the sixth largest digital coin by market cap, has surpassed $926, marking a 3% increase in just one day.
BNB, created by Binance, the biggest crypto exchange worldwide, has surged nearly 9% over the past week. It has crossed the $800 threshold for the first time this year, building on a remarkable 70% rise last year and consistently hitting new highs in 2025.
Meanwhile, Dogecoin has soared, recently trading above $0.27 after a notable daily increase. It experienced a 25% rise last week, though it didn’t capture the massive gains of Bitcoin and Ethereum recently.
The original meme coin is now associated with the Rex-Sosprey Doge ETF, which is the first Dogecoin ETF launched in the US and has been a major winner in the past day, even as it’s suspended from trading until next week.
Other altcoins have also seen prices spike. For instance, Solana, the fifth largest cryptocurrency, reached its highest price since January on Friday afternoon, trading above $240 after a daily increase of 6%.
The overall altcoin market has benefited from the profits of Bitcoin and Ethereum. Recently, these top cryptocurrencies have been trading at around $116,331 and $4,675 as they continue to be included in ETFs focused on coins.
On Friday, Bitcoin reached its highest price in a month, following a strong week for Spot ETFs. With positive inflows seen in US funds a week before Friday, the Ethereum ETF has experienced positive inflows in the last three days, and Ethereum marked its peak this September as well.
Investor interest in digital assets is rising, bolstered by recent data suggesting cooling inflation in the US, which has increased the likelihood of interest rate reductions next week. Digital currencies like Bitcoin generally thrive in low-interest environments.
In other news, the digital asset exchange Gemini began trading on Nasdaq on Friday, valuing the company at approximately $4.4 billion. It’s among the latest crypto firms to debut this year, following others like Roaring, the Stablecoin Giant Circle, Crypto Exchange Bullish, and Brokerage Platform Etoro.
Shares of Gemini opened at $37.01, reflecting a 32% increase over the IPO price of $28, and closed at $32 per share by the end of the trading day.
