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Bitcoin Inches Up Ahead of Fed Decision; Crypto Market Awaits Clarity on Rates and Tariffs

Bitcoin sees cautious gains as investors brace for the Federal Reserve's interest rate decision. The crypto market remains uncertain amid tariff concerns and ETF closures.
Published on 2025-03-17

Bitcoin Inches Up Ahead of Fed Decision

Bitcoin saw a modest 0.4% rise to $84,268.1 on Monday, as investors adopted a cautious stance ahead of the U.S. Federal Reserve’s policy meeting on March 18-19. The cryptocurrency has been trading in a narrow $83,000–$84,000 range, with key support at $83,000. Analysts suggest that if Bitcoin holds above this level, it could target $88,000, with further resistance at $92,000.

Crypto Market Eyes Fed Commentary on Tariffs

Market participants are closely watching the Fed’s commentary on President Donald Trump’s tariff policies, which could impact inflation and economic growth. While Bitcoin surged past $108,000 in December 2024 following Trump’s election, the Fed’s hawkish stance and escalating trade tensions have tempered enthusiasm. The upcoming meeting is expected to provide clarity on how trade disputes and tariffs may influence monetary policy.

21Shares to Liquidate Two Crypto ETFs

Crypto asset manager 21Shares announced the liquidation of two ETFs, the ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and the ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC), by March 28. This decision comes amid a broader market downturn. Despite the closures, 21Shares and ARK Investment Management remain committed to expanding regulated crypto products in the U.S.

Strategy Adds to Bitcoin Holdings

Strategy, formerly MicroStrategy, purchased an additional 130 Bitcoins for $10.7 million, raising its total holdings to 499,226 BTC. The company highlighted a 6.9% "BTC yield" year-to-date, underscoring its long-term bullish stance on Bitcoin.

Altcoins Show Mixed Performance

Most altcoins traded lower on Monday, with Ether rising 1.3% to $1,934.47 and Cardano gaining over 2%. However, XRP and Solana declined, while meme tokens like Dogecoin saw a 2.3% increase. The broader crypto market remains volatile amid macroeconomic uncertainties.

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