The bullish trend of Bitcoin and many Altcoins comes at a time when global investors are focusing on the FED’s monetary policy meeting.
The cryptocurrency market is booming as Bitcoin and many major Altcoins simultaneously surpassed their peaks, amid investors’ belief that the US Federal Reserve (FED) will officially lower interest rates at its meeting this week.
In mid-August, Bitcoin broke out to a historic peak of $123,000 before correcting to the $108,000 range in the following two weeks. The current Bitcoin price has recovered to the $116,000-$117,000 range with a positive recovery trend, thereby raising the total market capitalization of this digital currency to $2,325 billion .
The heat of Bitcoin has also spread to other cryptocurrencies. Ethereum (ETH) – the second largest cryptocurrency after Bitcoin in recent weeks reached a historical peak of over $4,900 in late August. However, the price corrected and then recovered to the current $4,500. In addition, Solana (SOL) has risen to nearly $240, approaching the historical record of $256.
Notably, BNB – the coin associated with the Binance ecosystem – also surpassed the $957 mark, setting a new price peak.
Bitcoin (BTC) on historic high
Ethereum (ETH) climbs to historic high
The bullish trend of Bitcoin and many Altcoins comes at a time when global investors are focusing on the FED’s monetary policy meeting.
The two-day meeting of the (Fed), starting on September 16, is expected to lead to the first interest rate cut since December 2024. Experts say that the Fed’s loosening of monetary policy is the “catalyst” for Bitcoin to increase in price.
After months of keeping interest rates unchanged, the Fed is expected to cut rates by at least 25 basis points. Even a 50-point cut is not out of the question, as inflation data cools and the US job market shows signs of slowing.
This move reduces the opportunity cost of holding non-yielding assets such as gold or Bitcoin, while weakening the USD. In that context, cryptocurrencies become an attractive destination for global capital flows, especially when the ETF channel makes the market more legitimate and more accessible to traditional investors.
In addition, information about plans to establish ETFs based on coins other than Bitcoin and Ethereum – such as Solana, XRP – further strengthened the excitement, pushing the price of digital assets up.
In parallel with international developments, the domestic legal framework has also made important progress. Recently, the Government issued Resolution No. 05/2025/NQ-CP on piloting the crypto asset market in Vietnam, which officially took effect from September 9, 2025.
The National Assembly’s approval of the Law on Digital Technology Industry has opened up development opportunities for the digital asset market in Vietnam. Resolution 05/2025/NQ-CP marks a historic turning point when for the first time Vietnam has an official legal corridor for this asset market. All cryptocurrency transactions can only be conducted through legal entities licensed by the Ministry of Finance.
A series of domestic giants have also quickly joined the game. Most recently, on September 9, DNEX was the third crypto-asset company to be established this year. Previously, Techcom Crypto-asset Exchange JSC (TCEX) and VIX Crypto-asset Exchange JSC (VIXEX) were established in May and August.
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