The encryption market concluded another week, mainly witnessed the main developments surrounding FOMC in the United States, the XRP lawsuit, and the PI network. While the Ripple community rejoiced in light of the end of the lawsuit in the United States, the federal reserve reserves kept interest rates unchanged. At the same time, the PI network flowed around the $ 1 brand this week, which led to a wave of speculation among investors.
Other developments such as the Sui ETF file were followed, while moving optimism in the market worldwide. Here are some of the most important market updates that CoingApe reported last week.
US FOMC Sparks Crypto Market speculation with unchanging interest rates
The Crypto Market witnessed the latest FOMC in the United States, where the Federal Reserve decided to maintain interest rates unchanged at 4.25 to 4.5 % this week. However, Dofish’s position speculation with a long period of time on the market.
Federal Reserve Chairman Jerome Powell stated that inflation expectations are transient with Donald Trump’s tariff in North America. It is worth noting that the Federal Reserve is evaluating the effect of modern macro dynamics before making a decision to reduce prices.
Arthur Hayes, CEO of Bitmex, also took the stage amid FOMC’s decision, saying that he believed that price reduction was waving on April 1. In turn, the CEO also expected the BTC gathering, given that this achievement occurs. Bitcoin closed the week at the price level of $ 84,000, while the main altcoins mainly prevented stagnation.
XRP lawsuit: Ripple CEO
Meanwhile, Ripple CEO Brad Garlinghyus announced that the United States of America has agreed to drop the XRP suit this week. While this news offered the comfort of the Ripple community, the impact of the butterfly on the encryption market occurred. SEC’s position on encrypted currencies has seen a fewer fist under Trump’s presidency.
Meanwhile, Chloe Stewart Aldouti revealed the following steps that follow the United States’ announcement of the decrease in the appeal in the lawsuit. Meanwhile, the XRP price closed much higher than two dollars, although the weekly graph showed a decrease of 2 %.
PI network: What is the duct?
Pi Network stole the attention of the broader market, and a very flowing procedure was offered during the past week. CoingApe stated that this volatility was attributed to approximately 129 million PI coins ready to cancel the lock, at a value of about $ 175 million, to be added to the show this month.
On the other hand, the encryption saw a rise in adoption in the Asian scene this week. Vietnam -based Cryptoleakvn recently shared an update on X, highlighting an increase in regions throughout the country.
However, the distinguished symbol of PI faced concerns about the sale of the investor amid her troubled price procedures this week. The lack of the main ads issued by the encryption team added to the market concerns about future movements.
In conclusion, the above mentioned was some of the best encryption markets that Coingepe reported last week. It should also be noted that Canary Capital was submitted for SUI ETF approval with the United States SEC this week.
Painting staff
Coingepe includes an experienced team from the content and original editors who work around the clock to cover news worldwide and provide news as a fact and not an opinion. The paint book and correspondents contributed to this article.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
partner: