Bitcoin rocketed to $87,443 following the Federal Reserve‘s latest interest rate decision, as traders position themselves ahead of President Trump’s unprecedented crypto conference appearance. The surge represents a 3.2% gain in just 24 hours, with the leading cryptocurrency now trading at $85,814. Not too shabby for an asset many politicians once dismissed as a tool for criminals.
Trump is set to address the Digital Asset Summit on March 20, 2025, making him the first sitting U.S. president to speak at a crypto conference. He won’t be there in person—it’s a pre-recorded video. Still, the crypto market doesn’t seem to care about that detail.
The market is buzzing about Trump’s expected comments on the U.S. Strategic Bitcoin Reserve. His recent executive order established Bitcoin as a national asset, pulling cryptocurrency further into the mainstream. The government plans to capitalize the reserve using bitcoin from asset forfeiture proceedings. Smart move or desperate grab? Depends who you ask.
Five digital assets made the cut for inclusion: BTC, ETH, XRP, SOL, and ADA. Owners of these tokens are practically doing victory laps.
Meanwhile, Senator Lummis and Congressman Begich aren’t sitting around waiting. They’ve proposed acquiring 1 million BTC over five years. The House Majority Whip thinks it’ll pass before congress ends. Politicians agreeing on something? That’s rarer than a Bitcoin halving.
Institutional money keeps flowing in. Spot Bitcoin ETFs have collectively purchased over 1 million BTC. BlackRock and Nasdaq aren’t complaining. The Golden Cross indicator suggests this upward momentum could continue as more institutions enter the market. The market’s bullish trader sentiment follows historical patterns where political developments have significantly influenced cryptocurrency prices. The recent four consecutive days of net inflows into Bitcoin ETFs further demonstrate growing institutional confidence.
All this happens against a backdrop of economic uncertainty. The Fed kept interest rates at 4.25%-4.50%, with inflation forecasted at 2.7% for 2025—above the 2.5% target. GDP growth projections dropped to 1.7% from 2.1%. A whopping 71% of fund managers expect stagflation.
No wonder crypto looks appealing. It’s approaching its previous all-time high of $109,287. Will Trump’s speech push it over the edge? We’ll know soon enough.
