Bitcoin has shown a significant rebound today, March 20, 2025, following the Federal Reserve meeting that aligned with expectations and favorable remarks from Chairman Jerome Powell. According to the BTC/USD chart on Coinmarketcap, Bitcoin's price began recovering overnight, reaching a peak of $87,453 before slightly decreasing to $86,112 early this morning. This marks an increase of 3.76% in the last 24 hours.
The primary catalyst for Bitcoin's resurgence is the positive news from the Fed, which not only decided to maintain interest rates but also suggested there might be potential rate cuts later this year. Analysts believe the Fed could begin to cut interest rates as early as June 2025. This prospect has fueled optimism among investors, contributing to Bitcoin's price surge.
Moreover, the Fear and Greed Index currently stands at a neutral level of 49, indicating that traders are still cautious regarding the market direction. Some analysts suggest that the bull market might be coming to an end. In contrast, others remain optimistic, citing the involvement of institutional investors and the establishment of crypto reserves as factors that could prolong the bull run.
As of today, March 20, Bitcoin's price has increased by 4.94%, rising to $86,791 or approximately 2,912,705.96 baht. It has changed by 3.73% over the last week. Ethereum (ETH), another major cryptocurrency, is up 6.59%, indicating a positive trend across the market. Other cryptocurrencies have also recorded notable increases: Tether surged by 11.62%, Solana (SOL) rose by 8.45%, while Bitcoin Cash and Litecoin also showed gains.
Detailed cryptocurrency performance over the past 24 hours reveals the following: Bitcoin (BTC) priced at $86,790.75, up 4.94%; Ethereum (ETH) at $2,059.42, up 6.59%; XRP at $2.55, jumping 11.62%; and USDT holding steady at $1.00 with a minimal increase of 0.04%. Notable movements also include BNB decreasing by 1.26% to $620.14, while Solana’s price rose to $135.86, an increase of 8.45%.
With the current cryptocurrency market trends and news from the Federal Reserve, investors are being advised to exercise caution when trading or investing in digital assets. The market may show slight rises, but the fluctuations necessitate thorough analysis before making investment decisions.
This market landscape underscores the importance of investor sentiment and external economic indicators, as the cryptocurrency realm often fluctuates significantly based on news and trends in traditional finance. The recent developments from the Fed, coupled with varying responses from analysts and traders, pave the way for a dynamic trading environment in the coming days.
