Bitcoin Approaches $86,000 as XRP Gains 10% and U.S. Futures Launch
Bitcoin (BTC) approached $86,000 as the crypto market recovered in 24 hours. Key updates include:
- XRP rose 10%, following Ripple Labs' conclusion of its case with the U.S. SEC.
- FOMC meeting saw the Fed maintain interest rates but lower growth forecasts until 2027.
- Ether (ETH) ended up 3% after a late Wednesday jump of 7%.
- Solana (SOL), dogecoin (DOGE), and BNB Chain's BNB gained under 6%.
- Uniswap (UNI) surged 8% after passing a $165 million funding proposal.
- Bitnomial will launch futures for XRP in the U.S., marking a first for the region.
Market sentiment remains cautious. Analysts suggest the rally may be a relief bounce after five weeks of equity sell-offs. Traders are advised to stay observant due to potential volatility ahead.