Bitcoin Hits 2-Week Highs as Trump Crypto News Sparks Hype

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Bitcoin sees some much-needed relief thanks to a combination of Fed policy confirmation and rumors of a "significant update" to US crypto plans.

Bitcoin spiked to two-week highs on March 20 amid rumors that the US government was preparing a “major update” to its crypto policy.

Currently consolidating near $86,000, Bitcoin benefitted from a fairly cool Federal Reserve meeting the day prior in which officials opted to hold interest rates at current levels.

Policymakers confirmed that they envisage two cuts by the end of 2025, with Fed Chair Jerome Powell describing inflation as having “eased significantly.”

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