Meteoric Bitcoin Rise: Global Crypto Market Cap Approaches $3 Trillion!
The cryptocurrency market ended another week, mostly thanks to price trajectories that were on the up. As the week drew to a close, the global cryptocurrency market capitalization once more started on a path toward the $3 trillion milestone. The price of Bitcoin (BTC) rose from a low of $76K to $84K just before the U.S. FOMC next week. However, prominent altcoins also imitated price increases. Here’s a brief look at what happened in the crypto market this week:
Bitcoin’s Future Looks Bright: $2B Institutional Push Sparks Optimism!
Despite price volatility, investors remain hopeful due to the notable advancements in the flagship cryptocurrency during the last seven days. Notably, international financial services company Cantor Fitzgerald partnered with Anchorage Digital and Copper to develop a $2 billion Bitcoin financing business that offers safe institutional access. Additionally, 95% of investors in the U.S. spot Bitcoin ETFs are still hanging onto their holdings in spite of the recent market confusion. Because of this, market observers keep balancing optimism with long-term price predictions.
Markets Eye FOMC Decision: Will Fed Hold Rates Steady?
Ahead of the U.S. FOMC next week, the overall market is exhibiting a recovery-like pattern. The monetary policymaking decision, which is scheduled for March 19, is still being closely watched by investors worldwide. Right now, the market as a whole expects the U.S. Fed to keep interest rates unchanged. Additionally, the most recent U.S. CPI data showed a slowing rate of inflation, which provided some support for riskier assets. Following the chaos brought on by Donald Trump’s tariff drama, dealers and investors then debate as to whether a price recovery is feasible.
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