Evolution update: Bitcoin price is close to $ 86,000 after the Federal Reserve Price decision, the launch of Solana ETF, and more

Evolution update: price Bitcoin He approached the level of $ 86,000 on March 20 after the US Federal Reserve’s decision to send markets.

The rise has been supported by the US Federal Reserve and the news represented that the US Securities and Stock Exchange Committee (the United States) has dropped a lawsuit against Ripple Labs.

Today’s encryption price: Bitcoin, ether, Solana, Tether

During the early hours today, on March 20, Bitcoin for a short period of $ 87,299 at 5.50 am, but soon settled near $ 86,000.

At 10.10 am, the largest world Coded It was at 85,596.80 dollars – an increase of 3.18 percent over the previous day, according to Coinmarketca data. The market value of Bitcoin was 1.69 trillion dollars, as the trading volume recorded 35.82 billion dollars over the past 24 hours.

The second largest encrypted currency, ETHER witnessed an increase, trading $ 2020.95 – an increase of 4.51 percent, according to CoinMarketCap data. TOKEN’s market value is 243.78 billion dollars, with a trading volume of $ 20.26 billion.

Stablecoin pregnancyCoinMarketcap, the maximum of $ 143.66 billion and a trading volume of $ 78.91 billion.

Moreover, Solana Takeen, which will witness circulating boxes associated with exchange (ETFS) by 5.69 per cent to $ 133.09, jumped with a market value of $ 67.9 billion and the volume of trade of $ 3.64 billion, according to Coinmarketca data.

Encryption updates: From Solana ETF, to SEC a lawsuit – what’s new?

Bloomberg reported that the shares of the Florida -based fluctuations company show the first traded investment funds associated with Solana on March 20.

Investment funds circulated are – fluctuation shares Solana ETF (Ticker Solz) that will follow Solana Futures; 2x Solana Etf (Solt) fluctuations will participate, which will provide impaired exposure to benefit. The report added that Solz and Solt will bear the rates of expenses by 0.95 % and 1.85 percent, respectively, respectively, the report added.

Meanwhile, Ripple Labs said on March 19 that the American SEC had dropped its appeal against the company, Reuters said. The International Energy Agency was appealing the July 2023 resolution by the provincial judge in Manhattan, the XRP code that was sold by Ripple on public stock exchanges did not fulfill the legal definition of security. In a post on X, CEO of Ripple Brad Garlinghouse described the end of SEC as a “resounding victory” and “long surrender”.

Bitcoin height: What do experts say?

Avinash Shekhar, co -founder and CEO, PI42 indicated that Bitcoin and the total encryption space continued to recover after the Federal Reserve Bank maintained interest rates unchanged.

“Investors expect the highest level ever in the second quarter, driven by Duofish’s signals from Jerome Powell and the increase in institutional demand. Bitcoin’s accumulation increased by $ 13 billion over three days, indicating the feelings of strong investors,” Sheikhd pointed out.

He added that the net flows entered a positive area, as it represents a change in feelings ethereum Dogecoin also recovered. “With the high liquidity and the basics of the macroeconomic economy, the encryption world is set for more upward trend. The two months coming can be decisive in forming the Bitcoin path as it deals with improving the basics and increasing the appetite of investors.” Shikhar poetry.

According to the Coinswitch Markets office, “Bitcoin has witnessed a modest increase of about 4 percent, trading at about $ 86,000. ETHEREUM has seen gains, increasing by 5 percent to about $ 2.031.”

The following developments that had an impact on encryption prices were observed:

• In a major organizational transformation, The United States again She officially dropped a lawsuit against Ripple Labs. This decision led to a 10 percent increase in the price of XRP, reaching nearly $ 2.5.
• Imported in the market this week.
• Traditional financial markets responded positively to the Federal Reserve decision to maintain interest rates, as the S&P 500 got about 1 percent.

(With inputs of agencies)

Disclosure: The views and recommendations mentioned above are the opinions of individual analysts or brokerage firms, and not from mint. We advise investors to verify accredited experts before making any investment decisions.