TradingKey - Bitcoin surges 16% in two weeks amid U.S. regulatory tailwinds, approaching $90,000 again.
March 25, Bitcoin (BTC) extended its rally toward the $90,000 threshold, buoyed by favorable developments in U.S. regulatory policy. The cryptocurrency hit $88,765 in the past 24 hours - its highest level since March 8.
Bitcoin Price Chart, Source: TradingView.
BTC has staged a 16% rebound from its March 11 low of $76,000, fueled by several key U.S. policy developments:
• Oklahoma's House passed a strategic Bitcoin reserve bill this morning, authorizing the state to allocate up to 10% of public funds to BTC or any digital asset with market capitalization exceeding $500 billion
• Former President Trump signaled potential tariff reductions, boosting both crypto and equity markets
•The Federal Reserve's March 20 announcement to slow the pace of quantitative tightening triggered a 5% single-day surge in BTC, reversing bearish momentum
"Reduced balance sheet runoff could improve liquidity conditions, benefiting risk assets like cryptocurrencies," said Shubh Varma, CEO of analytics platform Hyblock Capital. The policy-driven rally has reignited bullish sentiment across digital asset markets.
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