🚨HOT NEWS OF THE DAY🚨

Today (29/05/2025), the cryptocurrency market is affected by a series of macroeconomic news, corporate news as well as legal developments, creating a picture that both supports and puts pressure on major coins.

1. Pressure from the Fed's interest rate policy

Information that the US Federal Reserve (Fed) will likely not cut interest rates in the short term has created a 'cold' sentiment for Bitcoin, as high interest rates cause capital to withdraw from risk assets like cryptocurrencies. Bitcoin has faced a resistance level around 110,000 USD, with increased selling pressure from speculators reacting to the Fed's policy expectations.

2. Signs of growth from organizations and governments

In contrast to short-term pressures, positive signals come from businesses and governments continuing to increase Bitcoin reserves. According to data on 29/05/2025, Bitcoin's price recorded a level of 94,200 USD (as of 10:00 AM UTC), up 3.2% compared to 24 hours earlier, along with trading volume increasing by 18% to 35 billion USD. This indicates that long-term confidence is still being reinforced.

3. Legal developments with XRP

The closed meeting of the US Securities and Exchange Commission (SEC) takes place today, 29/05, which could bring a turning point for the SEC's lawsuit against Ripple. If the SEC agrees to relax its view that XRP is not a security when trading with institutions, XRP could surge from the 2.22 USD range towards about 2.65–3.00 USD.

4. The appeal of Ethereum from the new treasury plan

SharpLink Gaming has just announced a plan to raise 425 million USD for the Ethereum treasury, with Ethereum co-founder – Joe Lubin – participating as Chairman.