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Analysts: The easing of the financial environment drives Bitcoin to soar, with expectations of reaching a historic high in the second quarter.
PANews March 20 news, according to Decrypt, cryptocurrencies such as Bitcoin, Ethereum and Solana rose after the Federal Reserve maintained interest rates on Wednesday and the Fed Chairman made reassuring remarks, causing the US stock market to rise as well. Looser financial conditions seem to be boosting risk appetite. The dollar recorded its third largest three-day decline since 2015, while treasury yields and bond market volatility fell significantly. Real Vision Chief Crypto Analyst Jamie Coutts said these changes could lay the foundation for Bitcoin to surge significantly in the next 90 days. Coutts stated: "Historically, these signals often precede significant fluctuations in Bitcoin. The market may currently underestimate the speed at which Bitcoin could rise rapidly - despite ongoing issues with Trump tariffs and a potential economic recession, Bitcoin may reach a new all-time high before the end of the second quarter."