Bitcoin (BTC) surged to two-week highs on March 20 following speculations of a significant update in the US government’s crypto policy. Data from Cointelegraph Markets Pro and TradingView showed BTC\/USD reaching close to $87,500 on Bitstamp, currently stabilizing near $86,000. The spike was fueled by the Federal Reserve’s decision to maintain current interest rates, easing concerns about inflation. Federal Reserve Chair Jerome Powell’s comments during a press conference further boosted market sentiment. The S&P 500 also saw a 1% increase, adding $500 billion in market cap. Former BitMEX CEO Arthur Hayes noted the positive signal from the Fed, suggesting a potential restart of quantitative easing. Traders awaited a possible US crypto announcement on March 21, following rumors of a major policy change. President Trump’s executive order to establish a Strategic Bitcoin Reserve earlier in the month had minimal impact on markets. With Bitcoin surpassing key resistance levels, optimism among traders was on the rise. Analysts highlighted the potential for a further 8% rally to reclaim previous highs. This article emphasizes that all investment decisions carry risks and recommends conducting thorough research before investing.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) surged to two-week highs on March 20 following speculations of a significant update in the US government’s crypto policy. Data from Cointelegraph Markets Pro and TradingView showed BTC\/USD reaching close to $87,500 on Bitstamp, currently stabilizing near $86,000. The spike was fueled by the Federal Reserve’s decision to maintain current interest rates, easing […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/68243"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=68243"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/68243\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=68243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=68243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=68243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}