Bitcoin, XRP, Ethereum Jump: What’s Driving The Crypto Market Rally? – News18
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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.
