Bitcoin reclaims $85k after Fed signals slowdown in quantitative tightening

Bitcoin BTC BTC - $2670.54747930 reclaimed the $85,000 threshold following the Federal Open Market Committee (FOMC) median forecast of 50 basis-point cuts in interest rates in 2025. In addition to signaling potential rate cuts, the Federal Reserve announced plans to slow the pace of its balance sheet runoff, also known as quantitative tightening (QT), beginning April 1.

Source: cryptoslate.com

Related symbols: BTCUSD

2025-03-19 21:18:02 GMT.

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Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,848,225. The last known price of Bitcoin is 79,951.97750605 USD and is up 2.93 over the last 24 hours. It is currently trading on 12015 active market(s) with $88,586,845,673.33 traded over the last 24 hours. More information can be found at https://bitcoin.org/.