• The Federal Reserve kept interest rates unchanged as anticipated, still expecting two cuts this year, but significantly lowered its economic growth forecast for the year to 1.7% from 2.1%. It also raised its projected unemployment rate to 4.4% and revised inflation forecasts higher, while still expecting to achieve the 2% target by 2027.
  • The global crypto market cap recovered following the Fed meeting, increasing 3.17% over the last 24 hours to $2.81tn while the total crypto market 24h volume increased 51.5% to $105.15bn. BTC is up over 3% in the past 24 hours, currently trading arounf $85.8k. ETH is up 3.9% and trades above $2k. SOL is up almost 7% and trades arounf $135.
  • According to data from Farside Investors, the total net flow for US Bitcoin spot ETFs on March 19, 2025, was $11.8 million. BITB led with a $12.1 million inflow, while BTCO experienced a significant outflow of $10.2 million. GBTC and BTC also saw inflows of $5.4 million and $4.5 million respectively, suggesting mixed sentiment among investors. As for ETH, it recorded the 11th consecutive day of net outflows, reflecting persistent investor uncertainty. The March 19 outflow amounted to $12.4m.
source: DefiLlama
  • Crypto liquidations came in at $358.62m, with 72% of them short positions. BTC positions made up over 37% of liquidated positions in the past 24 hours. On the 1h and 4h timeframes, long positions make up over 70% of liquidated positions, with XRP long positions leading on the 4h timeframe, amounting to $3.29m.

source: Coinglass

  • According to a post from March 19 on CryptoQuant by theKriptolik, while the total stablecoin supply has increased since Nov 2024, stablecoin reserves on spot exchanges have declined while those on derivatives exchanges have surged, indicating that derivatives trading rather than spot activity is primarily driving price action and market liquidity.
  • The SEC Crypto Task Force’s first roundtable session on crypto asset regulation will take place on March 21 and be streamed live to the public.
  • Belgium-based crypto market maker Keyrock, founded in 2017, has launched in the US, citing increased regulatory clarity under Trump’s administration.
  • Gotbit founder Aleksei Andriunin has agreed to forfeit $23 million in stablecoins in a plea deal with the US Attorney for the District of Massachusetts that could reduce his sentence from over 20 years to 24 months in prison and three years of supervised release during which he is prohibited from crypto activities.
  • Crypto exchanges in Turkey saw a 29% surge in 24h trading volume yesterday evening after the Turkish Lira (TRY) plunged to a record low following the arrest of President Recep Tayyip Erdoğan’s rival, Ekrem İmamoğlu, considered the main rival of Erdoğan in future elections.
  • The SEC officially ended its lawsuit against Ripple after four years.