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Cryptocurrency News Articles

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) in Recovery as US CPI and PPI Triggers $99B Surge

Mar 16, 2025 at 12:33 am

Following inflation easing signals observed in the latest U.S. CPI and PPI reports, investors are now closely monitoring key developments that could influence

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices experienced modest gains this week, as bullish catalysts countered concerns stemming from trade tensions between the U.S., Canada, and Mexico. The publication of favorable CPI and PPI data, indicating easing inflation, has bolstered investor confidence.

Following the latest U.S. inflation reports, the global cryptocurrency market capitalization surged by $99.7 billion over the past week, reaching $2.71 trillion at 15:08 ET on Wednesday.

This positive sentiment has led to increased capital inflows into the cryptocurrency market, contributing to the recent surge in market capitalization.

However, persistent trade unrest between the U.S., Canada, and Mexico continues to exert pressure on broader market sentiment. Any escalation in trade tensions could hinder the crypto market's recovery and increase volatility.

In the week ahead, several key developments are on the horizon that could significantly impact prices of top cryptocurrency assets like BTC, ETH and XRP:

Several key developments are on the horizon that could significantly impact prices of top cryptocurrency assets like BTC, ETH and XRP in the coming week:

Bitcoin Price Forecast: BTC could advance towards $90,000 if Microstrategy Buys again

Bitcoin price forecast charts from Benzinga Pro show BTC trading at $84,312, up 0.39% on the day, as it attempts to reclaim key resistance levels amid speculation that MicroStrategy (now Strategy) may resume BTC acquisitions.

The recent price action shows BTC attempting to break above the 50-day moving average, which has acted as dynamic resistance throughout the downtrend. The Bollinger Bands are tightening, indicating decreasing volatility, which often precedes a breakout. BTC is currently trading near the lower band, suggesting limited downside risk, while the upper band at $93,302 marks the next key resistance.

A successful breakout could open the path toward $90,000 and beyond, particularly if MicroStrategy’s anticipated purchases materialize. However, the RSI remains below the 50 neutral level at 44.15, signalling weak bullish momentum.

A failure to reclaim the 50-day moving average could see BTC retest support at $78,326. If macroeconomic conditions weaken or institutional demand slows, a further decline toward $75,000 remains in play.

Ripple (XRP) Price Forecast: Altcoin ETFs progress could spark $3 breakout

XRP price surged to $2.5 on Saturday, marking a 30% gain over the past four days, fueled by improving macroeconomic sentiment and renewed optimism surrounding SEC settlement talks. Reports suggest the SEC may consider categorizing XRP as a commodity, further boosting confidence among investors.

The current Ripple price dynamics remains bullish after reclaiming key technical levels. The recent rally was supported by strong volume inflows, reinforcing the sustainability of the uptrend. The Parabolic SAR dots flipping below price action signalled a trend reversal earlier this week, aligning with the “Buy” signals on the chart. Additionally, the 200-day moving average (blue line) continues to act as dynamic support, preventing deeper corrections.

On the oscillator front, the SAR Oscillator has shifted aggressively into the green zone, confirming increasing bullish momentum. The oscillator reading of 75.43 suggests XRP is nearing overbought conditions but has room for further upside. A continued breakout could drive price action toward the psychological $3 level, especially if ETF-related optimism persists.

However, failure to consolidate above $2.50 may trigger short-term retracements toward $2.20, where buyers could re-enter the market. If broader crypto sentiment weakens, a retest of the 200-day moving average near $1.87 remains a possibility.

For now, XRP remains positioned for further gains, with ETF speculation and regulatory clarity acting as potential catalysts for an extended rally.

Fed Rate Pause Could Boost Ethereum Demand

Among the top crypto assets, Ethereum has struggled for traction in recent weeks, facing bearish headwinds from delayed network upgrades and controversy surrounding the Ethereum Foundation’s leadership shuffle. However, improvements in the broader macroeconomic landscape could trigger higher demand for ETH.

The Federal Reserve’s monetary policy stance has shifted dovish this week, despite controversy surrounding U.S. trade war with Canada and Mexico. Following the U.S. CPI and PPI reports, analyst Miles Deutscher, is now pricing in three rate cuts by the Federal Reserve for 2025.

Polymarket predictions data also supports this stance, with bettors currently pricing in a leading 23% chance of three rate cuts this year.

With the next Federal Open Market Committee (FOMC) meeting scheduled for March 19, traders are closely monitoring signals that could further validate expectations of monetary easing, the current Polymarket predictions data indicates that most crypto investors now anticipate a rate pause.

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