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Major cryptocurrencies surged after the FED kept interest rates unchanged. Bitcoin hit $87,000, Ethereum surpassed $2000, and XRP gained 8.31%. The SEC dropped its lawsuit against Ripple.
Bitcoin, XRP, Ethereum have surged followed FED’s decision.
Major cryptocurrencies including Bitcoin, XRP, Ethereum and many more have witnessed the bull momentum on Thursday following the FED’s decision to keep the interest rates unchanged. The bulls are gaining back some strength as the markets experienced a significant rise before the daily close. With the Bitcoin price reclaiming $87,000, Ethereum surged above $2000. Meanwhile, Litecoin remains consolidated below $100 and Cardano below $0.8.
XRP, the third-largest cryptocurrency by market capitalization, is currently trading at $2.50, reflecting an 8.31% gain in the past 24 hours. With a market cap of $145.42 billion, XRP has witnessed a significant surge in trading volume, reaching $10.53 billion, marking a 256.45% increase in the same period.
CoinDCX Research Team said Solana is testing one of the pivotal resistances at $133 and if it manages to secure this range, a rise to $150 could be imminent. Overall the market sentiments have turned bullish, hinting towards a prolonged ascending trend for the rest of 2025.
In an historical win for the crypto space, the SEC officially dropped its lawsuit against Ripple; however, the CEO is still weighing a cross-appeal to get back $125M sitting in escrow, said CoinDCX Research Team. On the other hand, the FED kept the inflation rates unchanged between 4.25% and 4.50%. FED Chair Jerome Powell, the tariffs imposed by the President have also impacted the inflation rates.
Besides, the very first Solana ETF is set to launch in the US tomorrow, hinting towards a potential SOL bull run.
XRP experienced an almost 11% price surge, reaching $2.52, following Ripple CEO Brad Garlinghouse’s announcement that the US Securities and Exchange Commission (SEC) has dropped its appeal in the ongoing lawsuit against the company. During the Digital Assets Summit in New York, Garlinghouse addressed the nearly four-year legal battle, as reported by CNBC. This development led to XRP’s price jump.
Avinash Shekhar, Co-Founder & CEO, Pi42 said Bitcoin and the overall crypto space continue their rebound after the Fed maintained interest rates unchanged. Investors expect an all-time high in Q2, driven by dovish cues from Jerome Powell and increased institutional demand. Bitcoin Whale accumulation rose by a whopping $13 billion over the course of three days, demonstrating robust investor sentiment. Bitcoin touched an intraday high of $87,470 temporarily on support from loosening financial conditions and political support.
“Bitcoin is currently trading near $85,883, up by 3.6% over the last day. Net inflows went into positive territory, accounting for a change in sentiment as Ethereum and Dogecoin also recovered. As liquidity rises and macroeconomic fundamentals are in sympathy, the universe of crypto is set for further upside. The coming two months can be decisive in shaping the path of Bitcoin as it deals with bettering fundamentals and increasing investor appetite,” he added.
