Broad Crypto Rally Fueled by IPO Optimism & US Economic Signs

 Broad Crypto Rally Fueled by IPO Optimism & US Economic Signs

On Sept 14, major cryptocurrencies—Bitcoin, Ethereum, XRP—climbed in price, driven by positive U.S. economic data and excitement over crypto-adjacent IPOs. 

For example:

• Bitcoin touched ~$115,121, with short intraday spikes above $116,000.

• Ethereum rose to around $4,515, and XRP gained ~1.2%.

• Other tokens like Solana and Dogecoin saw even bigger gains (up ~6.4% and 4%, respectively), reflecting broader market enthusiasm.

Contributing factors included:

• Expectations of multiple interest rate cuts in the U.S. this year.

• Strong investor appetite for IPOs such as Figure Technology, which exceeded its range on its public debut.

• Anticipation around Gemini Space Station’s upcoming listing.