The global cryptocurrency market capitalization rose roughly 2% to about $2.77 trillion on September 18, as buying spread across major assets and altcoins outpaced Bitcoin. Daily trading volume was around $98 billion. Hyperliquid’s HYPE gained 12.3% to $91.31, Solana’s SOL rose 10% to $110.84, Zcash’s ZEC advanced 7.8% to $1,485.41 and XRP climbed 7.2% to $1.38. Bitcoin increased 5.5% to about $80,659, while Ethereum and BNB also advanced. The rebound followed the market’s initial reaction to the Federal Reserve’s first rate increase since 2023 and the SEC’s creation of a five-year conditional framework for trading tokenized U.S. stocks. The SEC framework allows qualifying Tokenized Securities Venues to use permissioned automated market maker liquidity pools, subject to requirements covering access, transparency, recordkeeping and other safeguards. It does not approve individual cryptocurrencies or DeFi protocols, but provides a clearer regulatory route for onchain financial infrastructure. The rally has recovered much of the decline that followed the Fed’s 25-basis-point increase on September 16, which lifted the benchmark rate to 3.75%-4.00%. Bitcoin had fallen below $76,000, Ethereum below $2,400 and Solana below $100 during that selloff. Macro risks remain, including a U.S. 10-year Treasury yield moving toward 5% and increased trader expectations for another Fed rate increase in October. The breadth of the recovery will be watched as markets assess the next U.S. rate decision and further regulatory developments from the SEC and CFTC (U.S. derivatives regulator).