The crypto market surged on Friday, September 12, with BNB reaching a new all-time high of over $926. This milestone makes BNB the sixth-largest cryptocurrency by market capitalization, following a remarkable 70% increase over the past year.
Major altcoins also saw significant gains. Dogecoin (DOGE) jumped over 8% in one day, reaching more than $0.27, and has climbed 25% over the past week. Solana, the fifth-largest coin, also hit its highest price since January, trading at $240.
These gains were fueled by the strong performance of the two largest cryptocurrencies, Bitcoin and Ethereum, which reached their highest September prices at $116,331 and $4,675, respectively. This rise is attributed to increased investor interest, particularly through U.S. spot ETFs, which have seen consistent positive inflows.
The market rally follows recent U.S. inflation data that showed cooling prices, raising expectations for a potential interest rate cut by the Federal Reserve. A low-interest-rate environment is generally seen as favorable for digital assets.
In related news, the cryptocurrency exchange Gemini had a strong public debut, beginning trading on the Nasdaq with a valuation of approximately $4.4 billion. The stock opened at $37.01, a 32% increase from its IPO price, and closed the day at $32. Gemini’s public offering follows similar successful debuts by other major crypto companies this year, including Circle and eToro.
September 2025, Cryptoniteuae
