Crypto founders seek banking licenses as BTC and XRP lead $17B recovery ahead of Fed meeting
- Cryptocurrencies market capitalization bounces 4% adding over $50 billion to hit $2.8 trillion on Wednesday.
- Bitcoin price topped out at $84,900 as markets strengthened, anticipating the US Fed’s confirmation of a rate pause decision.
- SEC ends long-running lawsuit against Ripple, driving XRP price above $2.59 for the first time in two weeks.
Bitcoin market updates:
- Bitcoin’s price rose 4% on Wednesday, consolidating nearly the 24-hour peaks of $84,800 at press time.
Bitcoin Liquidation Map, March 19 | Coinglass
BTC price is struggling to break past the $85,000 as short traders make last-ditch efforts to avert cascading liquidations on $697 million in leveraged BTC short positions clustered at…
