{"id":18162,"date":"2025-03-19T20:47:39","date_gmt":"2025-03-19T20:47:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18162"},"modified":"2025-03-19T20:47:39","modified_gmt":"2025-03-19T20:47:39","slug":"bitcoin-reclaims-85k-following-fed-and-stocks-rose-but-one-analyst-suggests-caution","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18162","title":{"rendered":"Bitcoin Reclaims $85K Following Fed and Stocks Rose, but One Analyst Suggests Caution"},"content":{"rendered":"
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Crypto markets are experiencing a modest move to the upside following today\u2019s Federal Open Market Committee (FOMC) meeting, in which the U.S. central bank left interest rates steady<\/a> at 4.25%-4.50%<\/p>\n

Bitcoin (BTC) has risen 4.5% in the last 24 hours and is now trading for $85,500, its highest point since March 9.<\/p>\n

The CoinDesk 20 \u2014 an index of the top 20 cryptocurrencies by market capitalization except for stablecoins, memecoins and exchange coins \u2014 is up 6%. Ether (ETH) and solana (SOL) have both surged by 7%, while Ripple\u2019s XRP token has risen 10% off the back of CEO Brad Garlinghouse\u2019s announcement that the Securities and Exchange Commission (SEC) is planning to drop its case against the company<\/a>.<\/p>\n

Crypto stocks are also doing relatively well, especially bitcoin mining companies like Bitdeer (BTDR) and Core Scientific (CORZ), which are up 10% and 8% on the day, respectively. Bitdeer is likely buoyed from the technological progress it recently made in its ASIC manufacturing process<\/a>, as well as from the news that stablecoin giant Tether was increasing its stake<\/a> in the company to 21%.<\/p>\n

Core Scientific, meanwhile, is potentially reaping the benefits<\/a> of AI firm CoreWeave (Core Scientific\u2019s main customer) filing for an initial public offering earlier in the month. Even so, both companies are down more than 61% and 53% since January and November respectively.<\/p>\n

Federal Reserve Chair Jerome Powell said that tariff-related inflation was likely to be transitory and that recession risks remained low. And despite the market reacting positively to the meeting \u2014 Nasdaq, S&P 500 and Dow Jones all gained 1% or more \u2014 market commentators weren\u2019t necessarily convinced.<\/p>\n

\u201cThe word \u2014 \u2018transitory\u2019 \u2014 is back at the Federal Reserve as Chair Powell characterizes the price effects of tariffs as a one-off,\u201d economist Mohamed A. El-Erian posted<\/a> on X. \u201cI would have thought that, particularly after the big policy mistake of earlier this decade and given all the current uncertainties, some Fed officials would show greater humility. It\u2019s simply too early to say with any regress of confidence that the inflationary effects will be transitory.\u201d<\/p>\n

Gold continued to rise after surpassing the $3,000 mark on Tuesday and today hit a new record above $3,050. Callie Cox, chief market strategist at Ritholtz Wealth Management, said that the U.S. central bank was signaling that any additional rate cuts would likely happen at the cost of battering stocks. \u201cThe Fed is no longer comfortable gliding to neutral as we get closer to their inflation target. I think you can argue that the soft landing is over,\u201d she posted<\/a>.\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto markets are experiencing a modest move to the upside following today\u2019s Federal Open Market Committee (FOMC) meeting, in which the U.S. central bank left interest rates steady at 4.25%-4.50% Bitcoin (BTC) has risen 4.5% in the last 24 hours and is now trading for $85,500, its highest point since March 9. The CoinDesk 20 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18162","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18162"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18162\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}