Breaking: GameStop To Raise $1.3 Billion To Buy Bitcoin For Its Treasury

Cryptocurrencies price consolidated on Wednesday, with no significant gains or losses as traders awaited the Federal Reserve’s decision on interest rates. Bitcoin price fluctuated in the $82K to $83K range while Ethereum and XRP recorded a modest 1.5% and 0.4% gain, respectively. The total crypto market cap had also dropped by 1.4% to $2.8 trillion. This analysis explores how today’s FOMC meeting could impact crypto prices.

Cryptocurrencies Price In Focus Ahead of FOMC 

Today’s Federal Open Market Committee (FOMC) meeting will be a major price mover across the cryptocurrencies and stock markets. Despite last week’s CPI print showing that inflation has cooled to 2.8%, 99% of investors at the CME expect that Fed officials will leave interest rates unchanged. 

Analysts from Bank of America who spoke with Reuters noted that the March 19 FOMC meeting will be more about policy uncertainty, as Fed officials deliberate about whether inflation is on track to falling to the 2% target. 

With markets already pricing in zero rate cuts, the focus will be on the speech by Fed Chair Jerome Powell for clues on whether he has shifted to a more dovish stance. Per analyst Crypto Ideology,

“What truly matters isn’t just the rate decision, it’s Powell’s tone and the forward guidance. Markets will be watching for any hints on future cuts, especially with June and July meetings in sight. Hold or not, volatility’s guaranteed.”

Powell’s speech may also offer insights into how policymakers view Trump’s trade policies and tariff plans, which have caused economic uncertainty. The Bank of Japan has cited higher US tariffs as the main reason for keeping rates steady.

Crypto Market Forecast With Fed Likely to Maintain Hawkish Stance

If Powell’s speech and the FOMC minutes reveal a hawkish stance, it will most likely stir a decline in cryptocurrencies price. Moreover, with no bullish catalyst in sight and top analysts predicting that the bull market has ended, the bearish impact of zero rate cuts and Powell’s speech could extend into Q2 2025. 

Meanwhile, Polymarket odds of the Fed ending quantitative tightening by June 2025 have soared to 100%. CME also prices in a nearly 60 basis points rate cut by year-end, paving the way for crypto prices recovery in the second half of 2025. 

Popular analyst Crypto Rover notes that if Powell were to say something positive in his speech, it could cause a price explosion for stocks and cryptocurrencies. At the same time, trader Kale Abe says that,

“I just don’t see how FOMC can be bearish. The bearish situation is literally almost 100% priced in.” 

The Volmex Implied Volatility Index for Bitcoin and Ethereum has also dropped, indicating fewer speculative trades ahead of the FOMC report. This further proves that the market may have priced in the event. 

Therefore, it is likely that cryptocurrencies price might continue trading within a tight range or drop slightly after the FOMC meeting. However, the crypto market will do well in the long term as investors anticipate at least two rate cuts in 2025.

The post Cryptocurrencies Price Prediction As Crypto Market Braces for Fed’s Interest Rate Decision, FOMC appeared first on CoinGape.

The XRP market faces significant changes as both Ripple and the U.S. Securities and Exchange Commission (SEC) approach the end of their legal dispute. The case has gained prominence among the crypto community during the entire time of SEC Chair Gary Gensler’s enforcement period. The XRP price is trending upward, currently hovering above $2.45, with a 5% surge over the past week. Let’s Uncover these top 4 XRP rivals, including ADA, DOGE, and SOL, that could see a 10x surge 

XRP Rivals: Cardano (ADA)

Cardano (ADA) price maintains bullish strength because its market price reached $0.7665 after demonstrating a 3% positive change over the last day. The price of ADA has increased 10% throughout the past seven days. 

The cryptocurrency holds itself at the $0.76 support point and aims toward the essential $1 price level. The Ripple lawsuit approaches its end while its XRP competitor ADA maintains its upward movement. The ADA market attracts trader attention since its value continues to evolve during this market transition period. 

Dogecoin (DOGE)

Dogecoin (DOGE) price surpassed $0.20 marking its last 24 hours with a 10% market increase. The market price of DOGE is $0.2017, and it is currently positioned among the top performers alongside the price of XRP. The Dogecoin Foundation revealed important news as the market experienced a price increase.

The foundation has launched the House of Doge, a new division dedicated to boosting DOGE’s ecosystem. As part of the move, the Official Dogecoin Reserve was introduced, securing 10 million DOGE at market rates. 

The foundation aims to position DOGE as a fast, decentralized global payment network. The price rally followed a breakout from a three-month descending trendline, with analysts citing an ascending triangle pattern.

Solana (SOL)

Solana price has seen a notable surge in price, with the current market recovery. At the time of writing, the SOL price hovered at $140, with a strong surge of 15% in the past week, making it among the XRP rivals. The SOL price prediction could hit above the $160 level if the bullish trend continues.

Solana derivatives volume experienced a 1.88% increase until it reached $9.41 billion as recorded by Coinglass. Open interest reached $5.07 billion after an increase of 1.54%. The rising figures demonstrate an increasing level of marketplace activity in the Solana derivatives sector. The two indicators demonstrate an increase in immediate trading conduct.

Final Thoughts

To sum up, The approaching resolution of Ripple’s legal battle will create a profound effect on XRP alongside its competitors in the market. XRP Rival ADA DOGE and SOL could experience additional value growth when positive resolutions strengthen market conditions.

The post Can These XRP Rivals Overshoot and 10X As Ripple Lawsuit Nears Conclusion? appeared first on CoinGape.