Latest Crypto News and Market Updates – September 17

1. Bitcoin rebounds, all eyes on Fed rate cut

Bitcoin (BTC) continued its steady climb, recovering nearly $10,000 from recent lows. Ethereum (ETH) remains weak with a downward bias, while Solana (SOL) shows no strong signals. Market focus is on Thursday’s Fed meeting, with a 96.1% chance of a 25 bps cut.

2. BNB sets new all-time high above $958

Binance Coin (BNB) broke past $958, hitting its highest level ever. The surge comes amid speculation that Binance could soon exit U.S. DOJ oversight. CZ also updated his X profile, sparking rumors of a possible return to Binance.

3. BNB ecosystem heats up with TST leading

TST jumped 21%, topping gainers. Other BNB ecosystem tokens like BROCCOLI714 and MUBARAK also posted notable gains. Short-term speculation around BNB-related tokens is rising fast.

4. Drift Protocol hits record TVL

Drift Protocol, a perpetual and spot DEX built on Solana, reached an all-time high TVL of $1.42B, with a market cap of $682M.

5. HYPE steady at $54.3 backed by Circle

HYPE held stable at $54.3. Key driver: Circle has invested in HYPE and plans to become a validator on its network.

6. Tom Lee’s fund suggests buying ETH on dip

An analyst from Tom Lee’s fund recommended buying ETH if prices dip this weekend into the $4418–$4375 range, targeting $5500 by mid-October.

7. OKB stable at $196, X Layer sees growth

OKB traded steadily at $196. Meanwhile, X Layer posted strong growth in trading volumes. Meme rankings remain unchanged, with XDOG on top at a $33M market cap.

8. Lombard (BARD) to be listed on Binance Alpha

Binance Alpha confirmed it will list Lombard (BARD). The public sale was oversubscribed by 1038%. Bybit will also list the token on Sept 18 at 11:00 UTC.

9. AI Market outlook

 - BTC: Short-term correction; resistance at $115,300–$115,800; whales heavily leveraged.

 - ETH: Investors focusing on $4308–$4492 range; short-term sentiment remains positive.

 - Solana ecosystem: Active capital rotation across projects; cautious yet optimistic market sentiment.

Overall: BTC leads with strong recovery, BNB breaks records, HYPE and Drift hold firm, ETH eyes a buy-the-dip setup, while BARD prepares for major listings. Market sentiment hinges on the Fed’s rate decision this week.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.