New Delhi, Sept. 18 -- Bitcoin gained marginally on Thursday, September 18, to top the $1,18,000 mark after the US Federal Reserve announced a 25 bps rate cut overnight.

The rise in Bitcoin and other crypto tokens drove the market capitalisation of the asset class 2 per cent higher.

As anticipated, the US Federal Reserve lowered interest rates by 25 basis points and signalled 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, signalling increasing confidence among both traders and long-term investors.

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