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 U.S. policy developments. 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 multiple U.S. policy catalysts:
• 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 cap exceeding $500 billion
• Former President Trump signaled potential tariff reductions, boosting both crypto and equity markets
• The March 20 Fed announcement slowing quantitative tightening triggered a 5% single-day BTC surge, reversing bearish momentum
"Reduced balance sheet runoff could improve liquidity conditions, benefiting risk assets like cryptocurrencies," noted Shubh Varma, CEO of analytics platform Hyblock Capital. The policy-driven rally has reignited bullish sentiment across digital asset markets.