Crypto Price Today (March 20, 2025): Bitcoin Hits $87k After FOMC Meeting; Ripple’s XRP Pumps 10%

After the Fed’s decision to not change interest rates in the FOMC meeting, the Bitcoin price today pumped above $87k in a quick spike while XRP pumped over 10% within minutes after Ripple CEO announced SEC’s case drop against the firm.

While the whole crypto community was waiting for rate cuts, the Fed chair surprised everyone by not making any change to interest rates and this move further fueled uncertainty in the crypto market.

Bitcoin Price Today

At the time of writing, Bitcoin price is trading near $85,800 – up 2.6% in the past 24 hours while marking a daily high of $87,421 earlier today. BTC has a 24 hour trading volume of $37.19 billion, which has increased 61% in the past 24 hours.

Btc Price - Source: Coinmarketcap — BTC Price – Source: Coinmarketcap

XRP Price Pumps After the SEC Drop Case

Besides FOMC, one more important announcement happened for XRP as the Ripple CEO Brad Garlinghouse shared that the U.S. SEC has dropped its lawsuit against Ripple. Following the news, XRP price jumped over 10% within an hour, surging from $2.32 to as high as $2.59 on leading crypto exchanges.

As the years-long battle between Ripple and SEC comes to an end, the XRP community has celebrated this much awaited decision with whole heart.

Crypto Market Witnessed Bullish Reversal

With the major headlines on FOMC and Ripple, the broader crypto market witnessed a bullish reversal with several altcoins pumped and regained to past highs. Among major gainers – CAKE, BONK, XDC, SUI, UNI and ENS were leading with 5% daily surge while CRV, MKR and OKB have declined nearly 3% in the past 24 hours.