Key Points
- Today, US President Donald Trump will address Blockworks Digital Asset Summit in New York.
- Bitcoin surged above $87,000 earlier, following a price surge that debuted yesterday from $83,000.
Bitcoin’s price surpassed $87,000 today, fueled by optimism stemming from the US President, Donald Trump’s upcoming address at the Blockworks Digital Asset Summit 2025.
Blockworks DAS 2025 debuted on March 18 and lasts until today, and Trump’s speech at the conference is bullish for the industry.
Bitcoin Reclaimed the $87,000 Level
At the moment of writing this article, BTC is trading near $86,000, up by over 3% in the past 24 hours. Earlier, BTC surpassed $87,000, fueled by optimism triggered by Trump’s upcoming address at DAS.
BTC price in USD todayYesterday evening, Blockworks shared a post via X, announcing Trump’s presence at the summit taking place in New York.
The crypto summit features conversations between builders, allocators, and legislators who shape the trajectory of the digital asset ecosystem.
BREAKING: President Trump will address DAS tomorrow
This is the first time a sitting President has addressed a crypto conference. pic.twitter.com/x3gnGP0yAN
— Blockworks (@Blockworks_) March 19, 2025
Bitcoin’s upward trajectory debuted yesterday, March 19, following the FOMC meeting in the US.
The US Fed Will Start QE Next Month
Yesterday, the Fed decided to leave the interest rates unchanged at 4,25-4,5%, but offered an optimistic perspective for the future, highlighting the beginning of an end for QT in the US in April.
The inflation target remains at 2%, but starting April 1, the quantitative tightening will begin loosening, according to official notes released by the Fed ahead of Jerome Powell’s speech.
US Fed official notes
Potential Upcoming Interest Rate Cuts
It’s also worth noting that yesterday evening, Trump shared a post on his Truth Social account saying that the Fed would be much better off cutting rates as the US tariffs start to transition their way into the economy. He also said that April 2 will be the Liberation Day in America.
Trump via Truth Social
Upcoming rate cuts would mean that there will be an economic growth boost and a spike in risk appetite, which is a bullish signal for crypto investments. Also, the beginning of a QE in the US translates into growing capital in the crypto markets.
There are plenty of reasons now to remain optimistic about the future following yesterday’s FOMC meeting and amidst growing global Bitcoin and crypto adoption.
Trump’s support for the industry and the future codification into law of his Executive Order regarding an SBR are key catalysts as well, along with the upcoming ending of the Ukraine-Russia war.
