Analyst: The easing of the financial environment drives Bitcoin to soar, expected to reach an all-time high in the second quarter

2025-03-20 10:35:32

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ChainCatcher news, according to Decrypt, cryptocurrencies such as Bitcoin, Ethereum, and Solana rose after the Federal Reserve maintained interest rates on Wednesday and the Fed Chair delivered reassuring remarks, with U.S. stock markets also climbing. Looser financial conditions seem to be boosting risk appetite. The dollar recorded its third-largest three-day decline since 2015, while U.S. Treasury yields and bond market volatility also significantly decreased.

Real Vision's chief cryptocurrency analyst Jamie Coutts stated that these changes could lay the groundwork for a significant rise in Bitcoin over the next 90 days. Coutts said, "Historically, these signals often precede significant volatility in Bitcoin. The market may currently underestimate the speed at which Bitcoin could rise rapidly—despite ongoing issues with Trump tariffs and potential economic recession, Bitcoin could reach an all-time high before the end of the second quarter."

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