New Delhi, Sept. 18 -- Bitcoin gained marginally up to rise above $1,18,000 mark on Thursday, September 18, after the US Federal Reserve announced 25 bps rate cut on Wednesday night.

The overall market capitalisation of the global crypto market rose as much as 2 per cent.

As anticipated, the US Federal Reserve lowered interest rates by 25 basis points and signaled the possibility of two additional cuts before the year ends.

The recent upward momentum is largely fueled by ETF inflows, supported by rising institutional demand and optimistic expectations of Fed rate cuts, signaling increasing confidence among both traders and long-term investors.

"The crypto market is digesting the Fed's 25 bps rate cut with surprising calm, as Bitcoin i...