Crypto Market Today (March 20, 2025): BTC Jumps 3%, ETH Eyes $2.5K, XRP Soars 7.86% as Fed Policy Sparks Rally!

The crypto market today is strong on March 20, 2025, with Bitcoin Price Surge over 3%. Altcoins like XRP, Solana (SOL), and Dogecoin (DOGE) are also on the rise, with XRP taking the lead at 7.86%. The Federal Reserve’s decision to keep interest rates steady has fueled market sentiment, reiterating crypto as an economic uncertainty hedge.

Bitcoin (BTC) Breaks Above $85K Amid Market Strength

Positive market sentiment is fueled by four consecutive days of net inflows into BTC exchange-traded funds (ETFs) and the Federal Open Market Committee (FOMC) decision to keep interest rates unchanged.

Chart 1 – Provided by Coingecko, published on Coingecko, March 20, 2025. 

As of 20th March 2025, the Bitcoin price surge continues, trending at $85,204.18, and is up by 1.6% for the day. With a market capitalisation of $1.69 trillion and a 24-hour volume of $36.63 billion, Bitcoin is drawing close to the $90,000 resistance barrier. Institutional accumulation and speculation in Federal Reserve decisions keep the pace going, yet sustainability at current levels will ride on general market direction.

Ethereum (ETH) Targets $2.5K but Struggles with Market Uncertainty

Ethereum recently surged 6.45%, reclaiming the $2,000 level because of strong institutional demand. Ethereum continues to struggle, though, breaking above the crucial resistance level of $2,500.

Chart 2 – Provided by Coingecko, published on Coingecko, March 20, 2025

The above chart reflects Ethereum (ETH) trading at $1,988.77, and it has fallen 1.3% over the past 24 hours. ETH continues to possess a 4.3% weekly gain regardless of today’s loss, supported by ongoing investor demand. Investors are keenly observing whether ETH will recover at higher levels following its inability to sustain above $2,060 earlier today.

Altcoins Rise Along with Bitcoin and Ethereum

XRP Takes the Lead

XRP is the day’s top altcoin performer, jumping 7.86% to $2.47. The main driving force behind this XRP price jump is the SEC withdrawing its appeal in Ripple’s historic lawsuit, increasing investor confidence.

Solana (SOL) and Dogecoin (DOGE) Show Strength

SOL surge continues with SOL having risen 5.36%, currently trading at $133.00 with a market capitalization of $67.90 billion. This is driven by increasing DeFi and NFT usage on the Solana platform. Dogecoin (DOGE) has also risen 3.91% to $0.1748, following speculations that Tesla and X (Twitter) would use DOGE as a mode of payment.

Federal Reserve Policy Meeting: A Key Market Driver

The Federal Reserve decision from the March 19, 2025, FOMC meeting was the key driver of today’s crypto market rally. The Fed resolved to maintain interest rates at 4.25% to 4.50%, citing slower growth and lingering inflation. Key points are:

• GDP growth projection reduced to 1.7% from 2.1%
• Inflation projection raised to 2.7% from 2.5%
• 71% of fund managers forecast stagflation in 2025

This uncertainty in the conventional markets has seen investors diversify into crypto assets, which has driven the rally in the crypto market and pushed major cryptocurrencies higher.

Summing Up: Crypto Market Remains Bullish

The crypto market today is experiencing bullish momentum on the back of the Federal Reserve’s position, the rally in gold, and pro-crypto policies. The ongoing Bitcoin price surge, along with bullish altcoin performances like the SOL surge, is driven by the Federal Reserve decision, ETF inflows, and growing institutional interest. Traders are keenly observing if Bitcoin can cross $90,000 and if the XRP price jump can be maintained in the face of favourable regulatory news.