According to an announcement released on March 19, the U.S. Federal Reserve (Fed) has confirmed that it will keep interest rates unchanged in the 4.25% – 4.5% range, consistent with the last two meetings in December 2024 and January 2025.

Additionally, the Fed announced plans to trim its “QT” policy and will implement two 0.25% interest rate cuts in 2025.

Following the Fed’s statements, Bitcoin continued its rally, reaching an intraday high of $87,427, the highest price since March 8.

Not just Bitcoin, but other Top 10 cryptocurrencies also saw a strong recovery, gaining between 2% – 10%.