Bitcoin (BTC) faced $ 86,000, while XRP jumped 10% to lead gains among majors as crypto markets staged a wider recovery in the last 24 hours.
BTC rose in the early Asian hours on Thursday after Wednesday’s Federal Open Market Committee (FOMC) meeting, where Fed kept the rates intact but lowered growth prospects until 2027.
Ether (ETH) remained muted after a sudden 7% jump late Wednesday, ending the day up 3.%. Solana’s Sun, Dogecoin (DODE) and BNB chain BNB showed winnings below 6%, while Uniswaps uniocized 8%as the token holders adopted a $ 165 million Foundation Fundation funding proposal.
XRP jumped as high as 12%before Paring winnings, when closely related Ripple Labs ended his long-standing match with the US Securities and Exchange Commission (SEC), where he said Wednesday that the case was “ended.”
The asset got a further boost in the United States when Bitnomial said it would launch the futures tied to the token for local investors from Thursday in a first for the region.
🚀 XRP Futures is here! 🚀
Bitnomial launches the first ever CFTC regulated $ XRP Futures in the United States – physically settled for real market impact. Plus, we have voluntarily rejected our case against SEC as regulatory clarity improves. pic.twitter.com/arksanjfnu
– Bitnomial (@bitnomial) March 19, 2025
President Donald Trump meanwhile said Fed should reduce interest rates with the US mutual tariffs that came into play from April 1st. Separately, his national economic adviser, Kevin Hassett, said a growth rate of 2.5% against Fed’s expectation of 1.7%.
“Fed would be much better at cutting rates as Ustariffs begins to change (easily!) Their way into the economy,” Trump said in a truth social post. “Do the right thing. April 2 is Liberation Day in America !!!”
As such, dealers remain careful with a continuous rally and noted that the current market action can be a relief rejection.
“The rally is probably a function of a relief jumping when the markets bumped back after 5 weeks of continuous equity sales, and dealers awaiting more hard data, releases to draw a firmer conclusion about the current financial track,” Augustine fan, head of insight on SignalPlus, said Coindesk in a telegram service.
Jeff Mei, COO in BTSE, mirrored the mood of an e -mail to Coindesk: “The overall market mood has been so weak over the past few weeks that even Powell’s relatively neutral speech and just the lack of negative comments caused crypto prices to gather.”
“In addition, there have been no new customs reviews to shock the market. That said, things could change very quickly, and we advise all our clients to remain aware and vigilant over the next few weeks and months as we move through stages of volatility,” Mei concluded.
