Arthur Hayes makes forecasts about Bitcoin, XRP rises after the Ripple-SEC case ends, and Donald Trump calls for rate cuts.
Bitcoin Stabilizes
BitMEX co-founder Arthur Hayes predicted in a March 20 X post that quantitative tightening will be over by April 1. Hayes stated that the next move could involve either an SLR exemption or a resumption of QE.
XRP Surges Post Ripple-SEC Case
XRP surged after the long-standing case between the Securities and Exchange Commission and Ripple Labs ended. Ripple CEO Brad Garlinghouse announced that the regulator dropped its appeal against the ruling that XRP is not a security on the retail market.
Trump Urges Rate Cut
Donald Trump urged Fed officials to cut interest rates, despite the crypto market's positive reaction and a 1% rise following the Federal Open Market Committee's announcement to maintain rates between 4.25-4.5%.
Arthur Hayes's predictions and the end of the Ripple-SEC case have led to positive changes in the cryptocurrency market, but the political pressure on the Fed continues amidst Donald Trump's calls for rate cuts.
