Bitcoin Price Gains Ground Amid Legislative News

The crypto market today has commenced its operations on a positive note, with the market capitalization rising 3.22% to hit $2.8 trillion.

Crypto market today started its session on a positive note as the market cap rose by 3.22% to hit $2.8 trillion. The positive trend was influenced by the Federal Reserve keeping the interest rates unchanged. However, trading activity took a step back with the volumes dropping a surprising 45.78% to $104.3 billion. Talking about, the sentiments of investors, the Fear & Greed Index sits at 31, cautioning fear amid the ongoing price recovery.

BTC Price Spikes 3%

Bitcoin price has gained 3.15% in the past 24 hours to claim a press time tag of $85,555. With the price spike, it now commands a market cap of $1.697 trillion. Marketers are enticed by the legislative discussions, as the U.S. lawmakers propose a 5-year plan to acquire 1 million BTC. Coming to one of Bitcoin’s biggest buyers, Strategy is also making buzz with plans to buy another $500 million worth of Bitcoin.

For long-term price targets of BTC, read our Bitcoin (BTC) Price Prediction 2025, 2026-2030!

ETH and XRP Ride the Green Wave

Ethereum follows suit, rising 3.94% to trade around $2,014.06. The broader altcoin market is also in the green. Among the movers, XRP is in the spotlight after the closure of its long-running lawsuit. XRP jumped 6.28% in 24 hours, climbing as high as $2.57 before settling to current levels at $2.44. Solana isn’t far behind, posting a 5.82% daily gain to trade at $133.15.

Curious about your ETH’s future? Check out our Ethereum (ETH) Price Prediction 2025, 2026-2030!

Top Gainers and Losers Today

In terms of the best performers today, FORM leads the pack with a 12.22% surge to $1.74. UNI follows closely, gaining 7.42%, while LDO is up 6.89%. On the losing end, EOS saw a 6.31% decline to $0.5862, with OM and MKR also posting losses of 3.39% and 2.57%, respectively.

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FAQs

Bitcoin is priced at $85,555 at the time of writing.

The top gainers are FORM, UNI, and LDO, with respective gains of 12.22%, 7.42%, and 6.89%.

XRP saw a boost following the closure of its legal case, pushing prices up by over 6% in the past 24 hours.

Donald Trump will be the first U.S. President to speak at the Blockworks’ Digital Asset Summit (DAS) in New York City on March 20.