Bitcoin has soared past the $87,000 mark fueled by anticipation of US President Donald Trump’s address at the Blockworks Digital Asset Summit 2025.
Bitcoin Reclaimed the $87,000 Level
At the moment of writing this article, BTC is trading near $86,000, up by over 3% in the past 24 hours. Earlier, BTC surpassed $87,000, fueled by optimism triggered by Trump’s upcoming address at DAS.
The US Fed Will Start QE Next Month
Yesterday, the Fed decided to keep interest rates unchanged at 4.25-4.5% but offered an optimistic view for the future, anticipating the end of QT in the US in April. The inflation target remains 2%, but as of April 1, quantitative tightening will start to ease.
Potential Upcoming Interest Rate Cuts
Trump shared on his Truth Social account that it would be more advantageous for the Fed to cut rates as US tariffs start to impact the economy. He also mentioned that April 2 will be America’s Liberation Day. Such rate cuts could drive economic growth and increase risk appetite, a bullish signal for crypto investments.
The optimism surrounding Trump’s statements and address makes the outlook for Bitcoin and the crypto market more favorable, especially following announcements by the US Federal Reserve.
