Best Crypto to Buy Now 21 March – LHINU, XRP, FGHT, BNB, CCHG, TARO

cryptonews.com:

Yesterday, the cryptocurrency market saw a decline as the price of Bitcoin dropped 0.87% to $27,806. This came after the leading digital asset reached its highest point since June of the previous year.

The Federal Reserve's decision on Wednesday is considered a major event for the crypto world and could have a significant impact on the best cryptos to buy now. Here's how.

Analysts predict that the current pause in the market will offer an opportunity for Bitcoin to stabilize and possibly experience another upward trend. However, the possibility of a deeper correction still exists, with key support levels at $26,000 and $25,000.

The recent surge in cryptocurrencies has several contributing factors, including the panic in the global banking sector, which aligns with Bitcoin's principles of financial decentralization. The impact of increasing interest rates on banks over the past 12 months has also altered the outlook for monetary policy in the United States.

Traders anticipate the Federal Reserve to adopt a more accommodating stance, either maintaining rates or increasing rates by only 25 basis points. If rate hikes slow down or reverse, it could be beneficial for Bitcoin prices as a decrease in interest rates tends to raise demand for non-traditional assets such as cryptocurrencies.

The recent market surge has been mainly fueled by investors acquiring assets in the spot market, signifying that long-term investors are prevailing, as opposed to speculative traders. Despite trends pointing towards maturity and strength in the cryptocurrency market, market movements this week are expected to be driven by the Federal Reserve's decision.

In light of the recent market indecision in the cryptocurrency market and the Federal Reserve's