Day: March 19, 2025

Bitcoin runs toward $86K after Fed maintains course, projecting two rate cuts in 2025

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Bitcoin (BTC) price action turned bullish on March. 19 as markets grew anxious for the release of the Federal Open Market Committee (FOMC) minutes and a press conference from Federal Reserve Chair Jerome Powell.  BTC/USDT 1-day chart. Source: TradingView Generally, traders keep a close eye on FOMC minutes, along with Powell’s comments, to obtain direct insights into the Fed’s take on US economic health, along with their plans for monetary policy and interest rates.  In the presser, Powell confirmed that the Fed intends to leave interest rates unchanged, in its…

Congress on track for stablecoin, market structure bills by August: Blockchain Association

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United States lawmakers are on track to pass legislation setting rules for stablecoins and cryptocurrency market structure by as soon as August, Kristin Smith, CEO of industry advocacy group the Blockchain Association, said during Blockworks’ 2025 Digital Asset Summit in New York. Smith’s timeline echoes a similar forecast by Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, who said on March 18 that he expects to see comprehensive stablecoin legislation in the coming months.  “I think we’re close to being able to get those…

Fed keeps interest rates unchanged in March

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Key Takeaways The Federal Reserve maintained the federal funds rate unchanged between 4.25% and 4.50%. According to BlackRock, a recession could benefit Bitcoin due to increased fiscal spending and monetary stimulus. Share this article The Federal Reserve kept interest rates unchanged today, maintaining the federal funds rate between 4.25% and 4.50% for the second consecutive meeting amid growing recession concerns fueled by the Trump administration’s economic policies. The central bank has adjusted its 2025 economic forecasts, lowering GDP growth projections to 1.7% from the previous 2.1% in December, while simultaneously…

Solana futures ETFs go live tomorrow, bringing spot ETF one step closer

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Key Takeaways After securing a DTCC listing in February, Volatility Shares’ Solana futures ETFs start trading tomorrow. Bloomberg analysts estimate a 75% chance of spot Solana ETFs approval this year. Share this article Volatility Shares is launching the first-ever ETFs tracking Solana futures tomorrow, marking a key milestone that could pave the way for a spot Solana ETF. The move follows the regulatory playbook seen with Bitcoin and Ether, where futures-based products were approved before spot ETFs gained clearance. According to a Bloomberg report, Volatility Shares will launch two ETFs:…

Cardano (ADA) on verge of 20% breakout as social sentiment indicator hits 4 month high

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Cardano’s (ADA) price has managed a steady 13.5% in March after experiencing a 32% dip in February. The altcoin is still down 15% in Q1, but technical data is beginning to point to the continuation of the recent positive price action. Cardano 1-day chart. Source: Cointelegraph/TradingView Despite ADA price moving sideways between $0.78 and $0.70 over the past 10 days, social sentiment related to the altcoin has hit a new year-to-date high. Cardano’s “bullish” sentiment soars to 4-month high According to Santiment, an onchain intelligence platform, Cardano’s social sentiment exhibited…

SEC’s XRP reversal a ‘victory for the industry’: Ripple CEO

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The US Securities and Exchange Commission’s dismissal of its years-long lawsuit against Ripple Labs, the developer of the XRP Ledger blockchain network, is a “victory for the industry,” Ripple CEO Brad Garlinghouse said at Blockworks’ 2025 Digital Asset Summit in New York. Earlier on March 19, Garlinghouse revealed that the SEC would dismiss its legal action against Ripple, ending four years of litigation against the blockchain developer for an alleged $1.3-billion unregistered securities offering in 2020. “It feels like a victory for the industry and the beginning of a new…

How Bitcoin ETFs And Mining Innovations Are Reshaping BTC Price Cycles

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Bitcoin’s market structure is evolving, and its once-predictable four-year cycles may no longer hold the same relevance. In a recent conversation with Matt Crosby, lead analyst at Bitcoin Magazine Pro, Mitchell Askew, Head Analyst at Blockware Solutions, shared his perspective on how Bitcoin ETFs, mining advancements, and institutional adoption are reshaping the asset’s price behavior. 📺 Watch the Full Interview: According to Askew, Bitcoin’s historical pattern of parabolic price increases followed by steep drawdowns is changing as institutional investors enter the market. At the same time, the mining industry is…

SEC dropping Ripple case is ‘final exclamation mark’ that XRP is not a security — John Deaton

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The US Securities and Exchange Commission dropping its appeal against Ripple is the “final exclamation point that these [XRP] tokens are considered digital commodities, not securities,” crypto lawyer John Deaton told Cointelegraph. Deaton added that there is still a $125-million judgment against Ripple over the improper selling of the XRP (XRP) cryptocurrency, which perhaps the company can negotiate down now that the SEC has dropped its appeal. Deaton is a well-known lawyer who represented XRP holders, arguing that their interests were not being represented in the SEC’s case against Ripple.…

Price analysis 3/19: BTC, ETH, XRP, BNB, SOL, ADA, DOGE, LINK, LEO, TON

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Bitcoin (BTC) has been clinging to the 200-day simple moving average ($84,359), which suggests that the bulls have kept up the pressure. That improves the prospects of an upside breakout, signaling the corrective phase may be ending.  Derive founder Nick Forster told Cointelegraph that the current pullback is a normal correction that Bitcoin experiences during long-term rallies. He anticipates that Bitcoin’s cycle peak is yet to come. A positive sign in favor of bulls is that the US spot Bitcoin exchange-traded funds (ETFs) have again started to witness inflows. According…

US needs competitive moat around tokenized RWA — Sergey Nazarov

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The United States needs to establish a competitive moat around highly secure tokenized real-world assets (RWAs) to remain competitive in the age of borderless, permissionless finance, according to Chainlink co-founder Sergey Nazarov. In an interview with Cointelegraph’s Turner Wright at the Digital Asset Summit in New York, Nazarov said that blockchain is a global phenomenon that relies on open-source software and distributed technology, unlike previous technological shifts. The executive added that the shift to online commerce, which gave the US a competitive advantage due to a five- to 10-year head…