CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
CoinDesk 2025-03-20 08:12:05

Bitcoin Nears $86K as Trump Calls for Rate Cuts, XRP Gets U.S. Futures After SEC Resolution

Bitcoin (BTC) inched toward $86,000 while XRP jumped 10% to lead gains among majors as crypto markets staged a broader recovery in the past 24 hours. BTC rose in early Asian hours on Thursday following the Wednesday Federal Open Market Committee (FOMC) meeting, where the Fed kept rates intact but lowered growth outlooks until 2027. Ether (ETH) remained muted after a sudden 7% jump late Wednesday, ending the day up 3.%. Solana’s SOL, dogecoin (DOGE), and BNB Chain’s BNB showed gains under 6%, while Uniswap’s UNI surged 8% as token holders passed a $165 million foundation funding proposal. XRP jumped as high as 12% before paring gains, as closely-related Ripple Labs ended its long-standing battle with the U.S. Securities and Exchange Commission (SEC), stating Wednesday that the case had “come to an end.” The asset got a further boost in the U.S. as Bitnomial said it would launch futures tied to the token for local investors from Thursday in a first for the region. President Donald Trump, meanwhile, said the Fed should cut interest rates with the U.S. reciprocal tariffs coming into play starting April 1. Separately, his national economic adviser, Kevin Hassett, said he anticipated a 2.5% growth rate against the Fed’s 1.7% expectation. “The Fed would be MUCH better off CUTTING RATES as U.S.Tariffs start to transition (ease!) their way into the economy,” Trump said in a Truth Social post. “Do the right thing. April 2nd is Liberation Day in America!!!” As such, traders remain cautious of a continual rally and noted current market action could be a relief bounce. “The rally is probably a function of a relief bounce as markets steady back after 5 weeks of consecutive equity sell-offs, and traders awaiting more hard data releases to draw a firmer conclusion on the current economic trajectory,” Augustine Fan, head of insights at SignalPlus, told CoinDesk in a Telegram message. Jeff Mei, COO at BTSE, mirrored the sentiment in an email to CoinDesk: “Overall market sentiment has been so weak these past few weeks that even Powell's relatively neutral speech and merely the lack of negative comments caused crypto prices to rally.” “Additionally, there haven't been any new tariff announcements to shock the market. That being said, things could change very quickly and we're advising all of our clients to stay observant and vigilant through the next few weeks and months as we move through stages of volatility,” Mei ended.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta