Another week has wrapped up in the crypto market, and it was certainly eventful! We saw some big stories unfold, especially around the U.S. FOMC meeting, the ongoing XRP lawsuit, and the buzz around Pi Network. The Ripple community was celebrating what seemed like the end of their SEC lawsuit saga, while the Federal Reserve decided to hold steady on interest rates. Meanwhile, Pi Network’s price danced around the $1 mark, sparking a lot of chatter among investors.

And the news didn’t stop there! We also saw things like a SUI ETF being filed, which gave the market a bit of a global optimism boost. Below, we’ve rounded up some of the biggest market updates that CoinGape covered this past week, so you can stay in the loop.

US FOMC Sparks Crypto Market Speculations With Unchanged Interest Rates

The latest US FOMC meeting definitely got the crypto world talking! The Federal Reserve decided to keep interest rates right where they are, between 4.25% and 4.5%, this week. However, despite this, the market is still buzzing with speculation about a potential shift towards a more relaxed stance as the year progresses.

Fed Chair Jerome Powell chimed in, suggesting that the inflation situation looks temporary, pointing to the tariffs initiated by Donald Trump in North America. It seems the Fed is carefully watching how recent global economic events play out before making any moves on cutting rates.

Adding to the mix, BitMex CEO Arthur Hayes shared his thoughts on the FOMC decision, predicting that a rate cut might be on the horizon as early as April 1st! If that happens, he anticipates a Bitcoin rally to follow. Bitcoin actually closed out the week around $84K, and most other major altcoins managed to avoid any serious dips.

XRP Lawsuit End: Affirms Ripple CEO

In other big news, Ripple CEO Brad Garlinghouse announced this week that the U.S. SEC has agreed to drop the long-standing XRP lawsuit. This news was like a breath of fresh air for the Ripple community and sent ripples (pun intended!) through the wider crypto market. It feels like the SEC might be taking a slightly less strict approach to cryptocurrencies, especially under the current Trump administration.

Following up on this exciting development, CLO Stuart Alderoty gave us a glimpse into what’s next now that the U.S. SEC seems to be backing down on their appeal. In the meantime, the price of XRP finished the week well above the $2 mark, even though the weekly charts showed a slight dip of 2%.

Pi Network: What’s The Buzz?

Pi Network really grabbed the spotlight this week with some seriously up and down price action. CoinGape reported that this rollercoaster ride is likely due to a massive unlock of nearly 129 million Pi Coins, worth around $175 million, set to enter circulation this month.

On a brighter note, we’re seeing increasing adoption of crypto in Asia! Crypto enthusiast Cryptoleakvn, based in Vietnam, recently shared on X about the growing number of places accepting Pi across the country.

However, this bumpy price ride for the Pi token has understandably led to some investor concerns about potential sell-offs. Adding to the uncertainty, the Pi Network team hasn’t made any major announcements recently, leaving the market a bit anxious about what’s coming next.

So, there you have it – a quick rundown of some of the biggest crypto market stories CoinGape covered this week. Oh, and one more thing worth mentioning: Canary Capital officially filed for a SUI ETF approval with the U.S. SEC this week too!

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.