Bitcoin is still going through a crazy ride! Before Trump’s crypto comment, BTC went up to $87,453, but it quickly fell to $83,655, which shocked traders. With changes in Fed policy, market instability, and rumours of a $73,700 correction, the question still stands: Is Bitcoin about to make another breakout or a big pullback? Stay quick!
Bitcoin’s Volatile Ride: A Trump-Induced Whirlwind
The price of Bitcoin (BTC) fluctuated widely. It spiked to $87,453 and then fell back to $83,655 after US President Donald Trump’s video appearance at the Digital Asset Summit in New York. Traders thought that Trump might say there would be no capital gains taxes on crypto or talk about a strategic US Bitcoin reserve before he spoke. These rumors turned out to be false, which caused the market to respond in the classic “buy the rumor, sell the news” way.
Trump’s Cryptostance: Hype Over Policy
Amidst the rumors, Trump clarified that the US government would not sell Bitcoin that it had taken back and asked Congress to pass stablecoin rules. The most encouraging thing I learned was that he wants to make the US the world leader in crypto. “Together, we will make America the undisputed Bitcoin superpower,” he said, striking a chord with Bitcoin supporters but not making any specific policy promises.
Bitcoin Traders Expect Correction
Based on long-term chart patterns, certified market expert Aksel Kibar said that Bitcoin could fall back to $73,700. He made it clear that what BTC does next will determine how prices move in the months to come.
Federal Role: Bitcoin Momentum Catalyst
In addition to what Trump said, BTC reacted positively to what Federal Reserve Chair Jerome Powell said about ending quantitative tightening (QT) and possibly lowering interest rates in 2025. However, Arthur Hayes, co-founder of BitMEX, saw Powell’s statement as an admission that QT will end on April 1. He did warn that market instability could continue, though.
Conclusion
The recent changes in Bitcoin’s price show how volatile crypto markets are. Traders should be careful, flexible, and liquid in times of uncertainty because Trump’s crypto stance is still changing, the Fed’s policy is changing, and the market may go down.
