Analyst: The easing of financial environment has driven Bitcoin to surge, and it is expected to hit a record high in the second quarter

PANews reported on March 20 that according to Decrypt, cryptocurrencies such as Bitcoin, Ethereum and Solana rose after the Federal Reserve kept interest rates unchanged on Wednesday and the Fed chairman delivered a soothing speech, and U.S. stocks also rose. Looser financial conditions appear to be boosting risk appetite. The U.S. dollar recorded its third largest three-day drop since 2015, while Treasury yields and bond market volatility fell sharply. Jamie Coutts, chief cryptocurrency analyst at Real Vision, said these changes could lay the foundation for Bitcoin to rise sharply in the next 90 days. "Historically, these signals have often heralded large fluctuations in Bitcoin," said Coutts. "The market may currently underestimate how quickly Bitcoin may rise - despite the continued problems of Trump's tariffs and a possible recession, Bitcoin may hit an all-time high before the end of the second quarter."

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This content is for informational purposes only and does not constitute investment advice.

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