Synopsis
As of 12:15 AM IST, Bitcoin rose 1% to $83,174, while Ethereum gained nearly 2%, reaching $1,935. The global crypto market cap increased by 0.79%, reaching $2.72 trillion in the past 24 hours.
Bitcoin and major cryptocurrencies surged on Wednesday ahead of the Federal Reserve’s monetary policy decision, while investors assessed the potential impact of Trump’s tariff policies.
The Fed is widely expected to keep interest rates unchanged in its policy statement, alongside an updated summary of economic projections (SEP).
Markets are currently pricing in about 60 basis points (bps) of rate cuts this year, though Fed officials have signaled a cautious approach, waiting for economic data before making any policy shifts.
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TOP COIN SETSWeb3 Tracker10.87% BuyDeFi Tracker2.72% BuySmart Contract Tracker1.45% BuyCrypto Blue Chip – 50.88% BuyBTC 50 :: ETH 500.28% BuyTOP COINS (₹) Ethereum167,312 (1.29%)BuySolana10,902 (0.45%)BuyXRP199 (0.11%)BuyBitcoin7,203,662 (-0.09%)BuyBNB53,358 (-2.95%)BuyAs of 12:15 am IST, Bitcoin was up 1% at $83,174, while Ethereum gained nearly 2% to $1,935. The global crypto market cap rose 0.79% to $2.72 trillion in the past 24 hours.
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View Details »“Markets have maintained a cautious yet optimistic tone as the Federal Reserve’s two-day policy meeting unfolds. While no rate cuts are expected, investors are watching for any dovish shift amid economic uncertainties. The Fed’s updated dot plot and commentary will be key indicators of future policy direction,” said Shivam Thakral, CEO of BuyUcoin.
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“Bitcoin remains around $83,000, showing early signs of accumulation, according to Glassnode data. Historically, this transition from distribution to accumulation signals a recovery, indicating renewed investor interest,” said Alankar Saxena, Co-founder and CTO of Mudrex.
“Spot Bitcoin ETFs saw $274 million in inflows on Monday—the highest in six weeks. A breakout above $85,000 could be triggered by any update from the Fed on quantitative tightening, boosting investor confidence,” Saxena added.
Also Read: Can Bitcoin drop to $20K if Nasdaq falls into a bear market?
Among altcoins, XRP rose 1.6%, Solana gained 2%, Cardano was up 1.2%, and Dogecoin added 1%. Tron, Toncoin, Stellar, and Avalanche rose between 3% and 5%.
Bitcoin’s market capitalization surged to $1.65 trillion, with dominance at 60.63%. Its 24-hour trading volume dropped 3% to $23.82 billion, while stablecoin volumes accounted for 94.39% of total crypto trading at $67.17 billion, according to .
Tech view by Sathvik Vishwanath, Co-Founder & CEO, Unocoin
Bitcoin must flip $85,000 into support for $90,000 targets, regaining the 200-day EMA. Bitcoin ETFs saw $274M inflows on March 17, supporting bulls. Bears aim for sub-$78,000 levels, with key support at $74,000, $71,300, and $66,810. BTC must reclaim $86,250 to confirm bullish momentum.
Also Read: Trump’s Strategic Bitcoin Reserve plan: What’s next for crypto? Here’s what experts think
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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