Bitcoin Reaches Two-Week High Amid U.S. Crypto Rumors
Bitcoin (BTC) saw a notable surge on March 20, reaching a two-week high amidst rumors of a potential “major update” in U.S. crypto policy.
The price of BTC/USD surged to nearly $87,500 on Bitstamp, stabilizing around $86,000 shortly after. This boost in value echoes a comforting Federal Reserve meeting on March 19, where officials opted to maintain interest rates, generating a favorable atmosphere for risk assets. Federal Reserve Chair Jerome Powell conveyed that inflation is “eased significantly,” suggesting that there is no immediate need to alter policy stances. In his opening statement, Powell expressed a commitment to wait for greater clarity before making adjustments, which resonated positively across both the…
