⛽️ Will Bitcoin Pump To $90,000 Today?

Here's what's needed from the FOMC meeting later today.

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Gm and Happy Wednesday!

Bitcoin investors are sitting on pins and needles ahead of today’s FOMC meeting, and BTC’s price could jump as high as $90,000 — if the right policy is announced.

XRP fans are celebrating today as Ripple CEO Brad Garlinghouse announced that the SEC dropped the appeal to the four-year-long lawsuit against the company.

Plus, don’t miss Benzinga’s must-attend virtual forum on the rapidly evolving ETF market! Join us on June 5th at 10 am ET to explore the latest trends in crypto ETFs, thematic ETFs and innovative structures.

TOP STORY

Bitcoin remains highly sensitive to Federal Reserve policy shifts, with analysts closely watching Fed Chair Jerome Powell’s guidance on interest rates.

Traders are focused on Chair Jerome Powell’s outlook for future rate cuts, inflation trends and broader monetary policy shifts.

Depending on whether Powell signals dovish or hawkish policy today, Bitcoin could rally up to $90,000, an analyst predicts.

So, what’s it going to be?

SPECIAL OFFER

Don’t miss Benzinga’s must-attend virtual forum on the rapidly evolving ETF market! Join us on June 5th at 10 am ET to explore the latest trends in crypto ETFs, thematic ETFs and innovative structures. Gain valuable insights into strategies reshaping how financial advisors guide clients and how retail investors adjust their portfolios.

QUICK N DIRTY

Bitcoin could jump to $200,000 this year if the Fed relaxes its policy, Bitwise’s Matt Hougan says. Here’s what’s needed from the Fed.

BlackRock sees a recession as a bullish catalyst for Bitcoin because of easing liquidity conditions, but is one going to happen?

Pepe, Fartcoin and Bonk are racing ahead of Dogecoin and Shiba Inu in gains and momentum — but why?

FINTECH FOCUS

Ripple CEO Brad Garlinghouse confirmed that the U.S. Securities and Exchange Commission will not pursue further appeals in its long-running case against the company.

“The case is over,” Garlinghouse announced, describing the outcome as a “victory” and labeling the SEC’s lawsuit as a failed attempt to stifle the crypto industry.

So, what does that mean for XRP investors?

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