BlockBeats News, March 20: The Federal Reserve announced early this morning that it will slow the pace of reducing its $6.8 trillion balance sheet, lowering the monthly cap on Treasury reductions from $250 billion to $50 billion. The loose financial environment seems to be stimulating risk appetite. The US dollar saw its third-largest three-day decline since 2015, while US Treasury yields and bond market volatility also plummeted significantly.
Real Vision's Chief Cryptocurrency Analyst, Jamie Coutts, stated that these changes could set the stage for a significant rise in Bitcoin in the next 90 days. Historically, these signals have often preceded large Bitcoin price swings. Now, with the People's Bank of China increasing liquidity measures, despite ongoing concerns about Trump's tariffs and a potential economic downturn, the market may be underestimating the speed of Bitcoin's surge, potentially hitting a new all-time high before the end of the second quarter.
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