Crypto Stocks Jump as Bitcoin Surges, Fed Holds Rates Steady
Major cryptocurrencies including Bitcoin, Ethereum, and Solana are up—along with U.S. equities—after the Federal Reserve on Wednesday held interest rates steady and the central bank's chair gave a calming press conference.
Meanwhile, President Donald Trump is expected to deliver a speech at Blockworks’ Digital Asset Summit (DAS) in New York City on March 20. This will be the first time a sitting U.S. president has addressed a Bitcoin and crypto conference, highlighting the growing influence of digital assets in mainstream financial policy.
Bitcoin was up more than 4% to break $86K. Ethereum has also gained 8%, trading at $2,034, while XRP is leading the surge after soaring 10% to $2.47 in the same period.
Crypto stocks also jumped on Wednesday. TeraWulf Inc. rose 12%; Strategy, BTC Digital, Hut 8 Mining Corp, Bit Digital, Inc. and Bitfarms Ltd. rose 7%; Riot Platforms and Coinbase Global, Inc. rose 5%; MARA Holdings rose 4%.
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