Crypto Daybook Americas: Meme Coins Surge on Tron as Bitcoin Awaits Fed Decision

Your day-ahead look for March 19, 2025

Highlights of the Day:

Cryptocurrency prices are rebounding slightly after a drop on Tuesday, with Bitcoin (BTC) increasing by 0.5%. The CoinDesk 20 Index rose by 0.8% within the past 24 hours.

The downward trend occurred before the anticipated Federal Reserve policy announcement today. Interest rates are predicted to remain stable at 4.25%-4.5%, prompting investor focus on broader economic impacts.

Since mid-2022, the Fed has gradually reduced its balance sheet, which expanded to $9 trillion to support the economy during the pandemic. A prematurely announced conclusion to this tightening phase could enhance risk assets like Bitcoin.

The Bank of Japan also maintained its benchmark interest rate, aiming to contain inflation. Despite this decision, Bitcoin’s price exhibited little volatility.

Prominent corporate engagement with Bitcoin has surged; the number of public companies investing in Bitcoin has increased from 33 to 80 in just two years, as per River’s data. Strategy, a significant holder of BTC, intends to raise $500 million in preferred stock for further investment.

However, heightened tariff risks have reignited inflation concerns amidst stagnant economic growth, possibly leading to stagflation.

Upcoming Events to Monitor:

• Crypto:
  • March 20: Pascal hard fork upgrade on BNB Smart Chain.
  • March 21: SEC roundtable focused on the definition of a security.
• Macro:
  • March 19: Expected interest-rate decision from the Federal Reserve.

Market Movements:

• BTC currently trades at $83,576.60, with a 1.84% increase since Tuesday at 4 PM ET.
• ETH is valued at $1,945.99, with a 2.04% increase.

Stay tuned for more developments in the crypto market!