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The start of a new altcoin season? BNB hits $909 record and Solana up 8%

Ahead of possible rate cuts from the U.S. Federal Reserve next week, crypto prices are showing solid gains.

By Luc Vesters
• 2 min read
The start of a new altcoin season? BNB hits $909 record and Solana up 8%

Ahead of the possible rate cuts from the U.S. Federal Reserve next week, crypto prices are climbing higher. The total market cap rose 1.6% to $4.1 trillion.

Bitcoin is notably lagging: the top coin gained only 1.2% and is hovering around $115,000. Ethereum performed better, rising 3% to $4,500, but it remains about nine percent away from a new all-time high.

The biggest surprise came from BNB, which hit $909 for a new record and is closing in on the $1,000 psychological level.

Among the top ten cryptocurrencies, Solana was the standout: in the last 24 hours the price jumped 8%. Analysts see this as the start of a new altcoin season.

View post on X is the long-term picture "very bullish" for altcoins. Short-term corrections, in his view, could offer buying opportunities, while the long-term trend remains substantially higher.

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