Crypto Price News For March 20: Bitcoin Reclaims $85K, XRP Soars on SEC News

The crypto market has finally turned green, with several major assets seeing impressive gains. The surge follows the Federal Open Market Committee (FOMC) meeting, where the U.S. Federal Reserve decided to hold rates steady. Investors reacted positively to the news, driving crypto prices up.

According to Coinmarketcap, the global cryptocurrency market cap has risen by 3.10%, reaching $2.81 trillion. Market volume also saw a massive boost of 45.41%, hitting $104.22 billion. The CMC 100 Index climbed 3.28% in the last 24 hours, signaling bullish momentum.

Reasons Behind The Growth

The primary catalyst behind today's price rally was the Federal Reserve's decision to keep interest rates unchanged at 4.25%–4.50%. Fed Chair Jerome Powell reassured markets that tariff-related inflation was likely to be transitory and that recession risks remained low. This statement helped ease investor concerns, pushing money back into riskier assets like cryptocurrencies.

Adding to the bullish sentiment, it was announced that President Trump will be speaking at the Digital Asset Summit on March 20. Reports suggest he may make significant statements regarding crypto policy, potentially setting a new direction for the industry. This marks the first time a sitting U.S. president will address a major Bitcoin and crypto conference, further highlighting the growing role of digital assets in mainstream finance.

Top Gainers

Several cryptocurrencies posted strong gains in the last 24 hours:

• XRP (XRP): +7.19%
• Solana (SOL): +6.39%
• Chainlink (LINK): +5.31%
• Sui (SUI): +4.59%
• Pepe (PEPE): +4.34%
• Ethereum (ETH): +4.02%
• Aave (AAVE): +3.83%
• Dogecoin (DOGE): +3.61%
• Hedera (HBAR): +3.47%
• Bitcoin Cash (BCH): +3.44%
• Bitcoin (BTC): +3.32%
• Litecoin (LTC): +2.96%

XRP led the rally with a 7.19% surge, following reports that the SEC will not be filing an appeal in its lawsuit against Ripple. Solana (SOL) followed closely behind, gaining 6.39%, and Chainlink (LINK) rose by 5.31%.

Sui (SUI) gained 4.59%, continuing its recent upward momentum. Pepe (PEPE) also had a strong day, climbing 4.34%, likely due to renewed meme coin interest. Ethereum (ETH) gained 4.02%, reflecting broader market optimism.

Aave (AAVE) and Dogecoin (DOGE) grew 3.83% and 3.61%, respectively, while Hedera (HBAR) and Bitcoin Cash (BCH) posted solid gains of 3.47% and 3.44%. Bitcoin (BTC) also made a notable move, increasing by 3.32% and reclaiming key support levels. Litecoin (LTC) rounded out the gainers with a 2.96% rise.

Top Losers:

Still, some coins are yet to follow the positive trend:

• EOS (EOS): -5.19%
• Mantra (OM): -2.42%
• Maker (MKR): -2.22%
• Polkadot (DOT): -1.16%
• Tron (TRX): -1.15%

EOS (EOS) was the biggest loser, dropping 5.19%, possibly due to profit-taking after its recent gains. Mantra (OM) also declined by 2.42%, while Maker (MKR) lost 2.22%, struggling to maintain its recent upward momentum. Meanwhile, Polkadot (DOT) and Tron (TRX) recorded slight losses of 1.16% and 1.15%, respectively.

The crypto market is seeing renewed optimism after the Federal Reserve's decision to maintain interest rates and its commitment to future rate cuts. With President Trump set to speak at a major crypto event, investor anticipation is growing, adding to bullish momentum.

As the week progresses, all eyes will be on Trump's remarks and whether they further fuel market enthusiasm.