最新报道：Key Takeaways:The Fed’s first rate cut of 2025 initially lifted crypto to a $4.1T market cap, but markets pulled back as profit-taking set in.BNB crossed $1,000 for the first time, outperforming Bitcoin and Ethereum despite broader market weakness.Altcoins led earlier gains, but rotation into cash suggests lingering caution.Fed projections signal more cuts ahead, though sticky inflation may limit aggressive easing.Fed Cut Sparks Rally, Followed by Market PullbackThe Federal Reserve’s 25 bps rate cut — its first of 2025 — briefly fueled a risk-on rally, with Bitcoin (BTC) hitting $117,000 and the total crypto market cap touching $4.1 trillion earlier this week. But as of Friday, prices have cooled, with both BTC and ETH sliding as traders booked profits ahead of key inflation data.The Fed cut rates despite core PCE inflation at 2.9%, a rare move highlighting labor market risks. Chair Jerome Powell’s comments boosted liquidity optimism, but market uncertainty remains as the Fed’s dot plot revealed a divided outlook for further cuts.BNB Breaks $1,000 MilestoneAmid the volatility, BNB stood out by crossing the $1,000 mark for the first time. Binance Research highlighted that BNB has now overtaken ETH as the second-best performing large-cap asset in 2025, powered by:On-chain growth in DEX, stablecoins, and RWAs.Ongoing token burns and Alpha suite adoption.Institutional treasury demand seeking exposure beyond BTC.Altcoin Rotation Fades as Caution ReturnsEarlier in the week, altcoins outpaced Bitcoin, with Gaming, Layer-2, and Memecoins gaining over 7%. But new onchain data shows increased altcoin deposits on exchanges, suggesting capital rotation back to stablecoins as traders wait for clarity.Binance Research notes that with $7.5T still parked in money market funds, cash outflows into risk assets may take time to materialize despite lower rates.Volatility AheadThe Core PCE Price Index next week will be critical in shaping Fed policy expectations. A sticky inflation print could stall easing momentum, while a cooler reading may re-ignite the rally. With altcoin ETF approvals possible in October, liquidity trends remain key to whether crypto sustains upside into Q4.