{"id":53161,"date":"2025-03-20T10:19:50","date_gmt":"2025-03-20T10:19:50","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=53161"},"modified":"2025-03-20T10:19:50","modified_gmt":"2025-03-20T10:19:50","slug":"btc-hits-2-week-high-after-fomc-meeting-xrp-marks-8-surge-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=53161","title":{"rendered":"BTC Hits 2-Week High After FOMC Meeting, XRP Marks 8% Surge (Market Watch)"},"content":{"rendered":"

Although the Fed didn\u2019t lower the interest rates, bitcoin\u2019s price actually reacted well following the meeting and shot up to a multi-week peak of over $87,500 where it faced some resistance.<\/p>\n

Many altcoins are also well in the green, led by XRP after Ripple\u2019s victory in the legal case against the US SEC.<\/p>\n

BTC Above $85K<\/h2>\n

Last week didn\u2019t go all that well for the largest cryptocurrency, but it had managed to recover some ground by the time the weekend arrived and stood calmly at around $84,000. Following some volatility on Sunday due to large short positions on Hyperliquid, the asset was rejected at $85,000 at the start of the current business week and slumped to $81,200 on Tuesday.<\/p>\n

Nevertheless, it recovered<\/a> two grand by Wednesday in anticipation of the second FOMC meeting for the year. Once that took place and it became known that the US Fed would not change<\/a> the key interest rates, BTC reacted with immediate volatility, going up and down by $1,000.<\/p>\n

Ultimately, though, the cryptocurrency spiked in the following hours and tapped $87,500 for the first time since March 7. It has failed to maintain its run and now sits below $86,000, but it\u2019s still 2.5% up on the day.<\/p>\n

Its market capitalization has risen to $1.7 trillion on CG, while its dominance over the alts has taken another minor hit and is down to 58.4%.<\/p>\n

<\/a>BTCUSD. Source: TradingView<\/p>\n

XRP on the Rise<\/h2>\n

The other big news affecting the crypto market yesterday was the statement by Ripple CEO Brad Garlinghouse, who said<\/a> on X that the US SEC would drop its legal case against the company he runs after more than four years. The native token reacted immediately, with a price surge from $2.3 to $2.6 before retracing to around $2.5.<\/p>\n

Other notable gainers from the larger-cap alts include SOL (5%), SUI (5.5%), and UNI (8%). ETH, BNB, ADA, DOGE, LINK, and XLM are also in the green but in a more modest fashion.<\/p>\n

The total crypto market cap has added around $70 billion since yesterday and is up to $2.9 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post BTC Hits 2-Week High After FOMC Meeting, XRP Marks 8% Surge (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Although the Fed didn\u2019t lower the interest rates, bitcoin\u2019s price actually reacted well following the meeting and shot up to a multi-week peak of over $87,500 where it faced some resistance. Many altcoins are also well in the green, led by XRP after Ripple\u2019s victory in the legal case against the US SEC. BTC Above […]<\/p>\n","protected":false},"author":0,"featured_media":53162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53161"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53161"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/53162"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}