Bitcoin and crypto are once again at the center of market attention. The world’s most valuable coin rose following the latest Federal Open Market Committee (FOMC) meeting, hitting nearly $87,500 earlier today. Will trump make a crypto announcement today? What impact will it have?
Even though prices have cooled off, the uptrend remains, and there are high expectations that Bitcoin could not only rip higher, breaking $90,000 but also reclaim $100,000.
Bitcoin Rally After FOMC Meeting
When writing, the total crypto market cap is up nearly 3%, rising to $2.8 trillion as Bitcoin and other top altcoins—considered to be among the best for investors to consider buying—are flying, adding double digits in the past week.
From Coingecko, XRP is up 7% in 24 hours, pushing weekly gains to over 14%. The same trend can be seen in BNB, which is up 11% in the past week, and Polkadot, which is up 14% in the same period.
With inflation cooling and the Federal Reserve set to slash rates at least two times this year, there is no doubt that Bitcoin holders are buoyant, expecting more gains in the coming sessions.
Historically, crypto and equities tend to be volatile whenever the FOMC makes decisions on monetary policies. Like in December and January, Bitcoin prices moved wildly yesterday. Although the FOMC kept rates unchanged within the 4.25%–4.5% range, this time, Bitcoin and crypto prices rose.
The Federal Reserve Chair, Jerome Powell, commented on inflation, which is currently falling, and their economic outlook, adding fuel to the fire.
On his part, Powell acknowledged that inflation will be influenced by tariffs, and for this reason, they expect the economy to slow down. GDP growth was downgraded from 2.1% to 1.7% in 2025 while PCE inflation was projected to rise to 2.8% from 2.5%.
The FOMC 2025 forecast downgraded GDP growth (2.1% to 1.7%) and upgraded core inflation (2.5% to 2.8%).
Median interest rate path did not change—possibly reflecting these offsetting influences.
All seems about right to me. pic.twitter.com/J2VnCkBphz
— Jason Furman (@jasonfurman) March 19, 2025
Analysts interpreted this as a green light to buy and HODL Bitcoin, explaining why the USD weakened as crypto assets, including some of the best meme coins to buy on Solana, ripped higher.
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Trump To Deliver Speech At DAS
Bitcoin could extend gains today as President Trump will deliver a recorded speech at 10:40am ET as he virtually attends the Digital Asset Summit (DAS) organized by BlockWorks.
In attendance will be high-profile figures in crypto, including Michael Saylor, the founder of MicroStrategy. Also in attendance will be representatives from BlackRock and Nasdaq.
It is not only bullish but means that the Trump administration is pro-Bitcoin and crypto, a net positive in the long haul.
This points to Trump’s increasing engagement and belief in crypto and Bitcoin. Last year, he delivered a keynote in person at Nashville, where he promised to make the United States the home of crypto.
There, he mentioned creating a Bitcoin reserve. Trump has since followed through on his promise. An executive order was recently signed for the United States to build a Bitcoin and crypto reserve from their current holdings. More coins will be added over the years but without using taxpayer funds.
In today’s pre-recorded speech, it is rumored that Trump could announce zero capital gains tax on Bitcoin and crypto during this event.
đź’Ą RUMOR:
TRUMP TO ANNOUNCE ZERO CAPITAL GAINS TAX ON BITCOIN AND CRYPTO DURING CRYPTO SUMMIT SPEECH!
MASSIVE IF TRUE!!! pic.twitter.com/swnD3qvVQx
— Crypto Rover (@rovercrc) March 20, 2025
However, nothing has been confirmed at this point.
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BTC Bull Presale Raises Over $3.8 Million
As Bitcoin turns higher, attention is on the BTC Bull token, whose presale is making waves in crypto.
BTC Bull is designed to capitalize on Bitcoin price gains.
At press time, BTC Bull has raised over $3.8 million.
The token, BTCBULL, is available for $0.00242 and can be bought using various crypto assets, including ETH, USDT, and even debit cards.
While there is an option of buying straight from the homepage, more investors are buying BTCBULL via the secure and popular non-custodial Best Wallet.
Two major features draw investors to BTC Bull.
First, BTCBULL holders will receive free BTC airdrops when prices reach $150,000, $200,000, and $250,000.
At $250,000, not only will holders receive free airdrops, but the team will distribute 10% of the total supply to holders.
Second, BTCBULL will be increasingly scarce as Bitcoin prices rally. For example, when Bitcoin hits $125,000, the project will burn a portion of the total supply. More coins will be burned at $175,000 and $225,000.
Those who buy BTCBULL now are free to stake, receiving an impressive 111% APY—one of the highest in the industry.
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Bitcoin Flies After FOMC Meeting, BTC Bull Presale Approaching $4 Million
- Bitcoin eyes $90,000 and $100,000 amid a strong uptrend
- Trump to deliver recorded speech at DAS
- BTC Bull presale approaches $4 million
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