Bitcoin Surges Past $85,000 Amid Fed’s Monetary Policy Adjustments
- Bitcoin (BTC) price rose to over $85,000 following the Federal Reserve’s announcement.
- The FOMC forecasted a median of 50 basis-point interest rate cuts in 2025.
- Quantitative tightening will slow, with the Treasury cap reduced from $25 billion to $5 billion monthly starting April 1.
- Ethereum (ETH) increased by 0.6% to $2,039.11, while Solana (SOL) reached $133.55.
- The Federal funds rate is projected at approximately 3.9% by year-end.
Bitcoin’s price increase followed the Federal Reserve’s plan to slow quantitative tightening and potential interest rate cuts in 2025, boosting market confidence.
Source (2.6.1)https://cryptoslate.com/bitcoin-reclaims-85k-after-fed-signals-slowdown-in-quantitative-tightening/?rand=24433
