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The crypto market today, on March 20, 2025, at 10.30 am, is up 3.06% with the overall market capitalization at $2.8 trillion. Top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have witnessed a sharp rise, while XRP has crossed 7%, ranking among the best performers today. Other altcoins like Solana (SOL) and Dogecoin (DOGE) are also up, hinting towards a possible bull run and improved investor interest.
Let’s explore the major crypto movements and what’s driving the crypto market surge today to make informed investment decisions.
Bitcoin price reaches $85,698.00, registering a surge of 3.26% over the last 24 hours. The leading cryptocurrency now has a market capitalization of around $1.69 trillion, with a trading volume of $36.74 billion. This strong price rally is largely due to rising institutional demand. Investors are also gaining confidence again as Bitcoin manages to stay above key resistance levels.
Ethereum (ETH) has recorded an impressive rise of 4.65% to $2,022.87. The world's second-largest cryptocurrency boasts a market capitalization of $243.8 billion and a 24-hour trade volume of $20.27 billion. Price appreciation in Ethereum is fuelled by expectations surrounding the Ethereum Pectra upgrade. The upgrade is expected to improve the network's efficiency and scalability.
Among the best-performing cryptocurrencies today, XRP has risen 7.86% to $2.47. The market capitalization of the cryptocurrency is now at $142.92 billion, with a 24-hour trading volume of $10.13 billion. The steep price rise is due to renewed hope for Ripple's current legal battle with the US Securities and Exchange Commission (SEC) coming to a possible end.
Solana (SOL) is also up by 5.36% to $133.00. Solana's market capitalization has reached $67.90 billion, with a volume of $3.64 billion over the last day.
On the other hand, Dogecoin (DOGE) saw a 3.91% gain, trading at $0.1748. With a market capitalization of $25.89 billion, DOGE is still among the most traded cryptocurrencies in the world today. The price hike is driven by social media hype and continued speculation regarding possible Dogecoin adoption as a payment solution on Elon Musk’s Tesla, X (formerly Twitter), etc.
Tether (USDT) and USD Coin (USDC) remain stable, with both trading around $1.00. Tether's market capitalization is at $143.67 billion, while UDC's is $59.21 billion. These stablecoins continue to offer liquidity, thus, acting as safe havens during market volatility.
Binance Coin (BNB) is trading at $626.32, up 1.32% in the past day. The token's market capitalization is $89.22 billion, with a trading volume of $2.02 billion. Cardano (ADA) has been up 2.92% and is currently trading at $0.7291. With a market capitalization of $25.64 billion.
Both cryptos are being driven by the overall positive market trend.
TRON (TRX) is the sole cryptocurrency in the top ten that has posted a marginal fall today, falling by 0.75% to $0.2327. The market capitalization of the token is $22.08 billion, with a trading volume of $869 million. TRON's price fall can be because of profit-taking by investors following its recent appreciation. It is also affected by growing competition from other blockchain networks in the DeFi and entertainment industries.
The latest surge in the crypto market has been driven by the Federal Reserve policy meeting, which ended on March 19, 2025. The Federal Open Market Committee (FOMC) voted to keep the federal interest rate between 4.25% and 4.50% taking a cautious stance.
Aside from keeping interest rates unchanged, the Fed updated its economic forecasts. It lowered the real GDP growth forecast for 2025 to 1.7% from 2.1%, indicative of expectations of a slowing economy. The inflation forecast was raised to 2.7% from 2.5%, showing ongoing inflationary pressures.
These changes have triggered fears of stagflation, a situation where the economy grows slowly while inflation remains high. In a recent survey by Bank of America, 71% of fund managers forecast stagflation in the next 12 months.
The Federal Reserve's recent policy and economic outlook have impacted the cryptocurrency market positively in the short term. Consistent interest rates and fear of slow economic growth may push investors towards increased crypto adoption and investment. This is because cryptocurrencies provide a hedge against inflation and economic uncertainty. There may also be volatile price action as traders respond to the Fed's estimates and look for assets with greater return opportunities.
Investors should keep a close eye on how market continues to react to the above news to fully understand Fed policy’s impact on cryptos in the coming months.
