You need to login in order to Like
Market Rebounds After Dovish Fed Comments
By Manoj Dharra
Bitcoin surged toward $86,000 after the Federal Reserve kept interest rates unchanged, signaling the possibility of two rate cuts in 2025. The market also reacted positively to the latest development in the high-profile Ripple vs. SEC case, as Ripple CEO Brad Garlinghouse declared the legal battle over, with the SEC opting to drop its appeal. XRP jumped 7% to trade at $2.48.
ETF Inflows Resume: U.S. spot #BTC ETFs have recorded inflows for three consecutive days, breaking a prolonged streak of outflows. Could this spark a short-term rebound? Institutions remain divided—Bitcoin ETF outflows totaled $2.61 billion in February, signaling caution, yet MicroStrategy continues its aggressive accumulation, reinforcing long-term conviction.
Ethereum surged over 4% in the past 24 hours, reaching $2,020, as data revealed large holders accumulating over 400,000 ETH. Market participants appear to be capitalizing on Ethereum’s discounted price, which remains 58.4% below its all-time high.
The global crypto market cap is $2.8T, a 3.02% increase over the last day.
Volatility Shares launching two Solana futures ETFs Today; SOL Jumps by 7% (CMP – $135). The launch of these funds could be significant in the approval of a spot Solana ETF, which would hold the token directly. The SEC has stated in the past that in order to approve a spot product, they would like to see an established futures market for the asset.
Uniswap community approves $165.5 million for ecosystem development; UNI Jumps 7% (CMP – $6.81).
Elon Musk’s AI Start-Up and Nvidia Join Microsoft, BlackRock, MGX AI Fund to expand AI infrastructure in the U.S. The AI Infrastructure Partnership plans to invest over $30 billion in data centers and energy projects to support AI models. AI Coins Rally — On the back of this development, the entire AI coins market is up – coins like NEAR, ICP, Filecoin, Render, FET all are up by almost 5%.
Outlook: Trump to speak at Blockwork’s Digital Asset Summit in New York Today. His speech will mark the first time a sitting US president has ever spoken at a cryptocurrency conference.
Higher interest rates tend to strengthen the U.S. dollar, which historically puts downward pressure on crypto markets. If the Fed maintains rates for longer, Bitcoin and other cryptocurrencies could struggle to gain momentum.
You need to login in order to Like
