In today’s crypto news, Bitcoin has surged to $86K after the Federal Reserve maintained its stance on interest rates, with projected rate cuts expected in 2025. This decision has fueled Bitcoin’s ongoing rally.
Meanwhile, the first Solana ETF in the U.S. is set to debut on March 20. Volatility Shares plans to launch its first-ever Solana (SOL) futures exchange-traded fund (ETF), introducing two products:
- Volatility Shares Solana ETF (SOLZ)
- Volatility Shares 2x Solana ETF (SOLT)
These ETFs are drawing comparisons to Bitcoin ETFs, though analysts believe they may not achieve the same level of success.
On another note, BlackRock has made a bold statement about Bitcoin, claiming that even in a recession, BTC could act as a major catalyst rather than suffer alongside traditional markets. However, some remain skeptical, as Bitcoin and most crypto assets tend to react to economic news, whether positive or negative.
In major positive news, the SEC has officially dropped its lawsuit against Ripple, leading to a surge in XRP. Ripple CEO Brad Garlinghouse shared a video discussing the SEC’s decision to withdraw its appeal, marking a significant victory for the company.
Lastly, institutional interest in Bitcoin continues to rise, with 80 companies making major bets on BTC in 2025. The surge is primarily led by tech firms increasing their Bitcoin holdings.
🚨 Reminder: This is not financial advice. Always do your own research before making any investment decisions.
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👑 Crypto King