Bitcoin has traded above $86,000 as markets welcomed the Federal Reserve’s decision to hold its benchmark rate, a move that supported risk on sentiment. The intraday high touched about $87,387 on the Moscow time clock, signaling that demand remained resilient even as traders digested the central bank’s stance. [Source: Market trackers]
The market has seen Bitcoin hover near the upper levels, with several data points pointing to solid buying interest and limited selling pressure. The move beyond the $86,000 threshold is being watched as a potential precedent for further upside, with some observers noting the psychological significance of the $87,000 mark in shaping trader expectations. [Source: Market trackers]
In the current cycle, the Federal Reserve has kept the policy rate in a high range, balancing persistent inflation with a still-strong labor market. The central bank’s communications have highlighted that household spending remains sturdy, unemployment remains at low levels, and job conditions continue to improve, while inflation remains above the Fed’s target but shows signs of cooling. [Source: Federal Reserve statements]
Following a sequence of policy moves in recent years, market participants have interpreted the stance as a sign that monetary authorities will maintain restrictive conditions for longer, even as growth remains resilient. The overarching message from policymakers is that they are patient and that any further adjustments will depend on incoming data showing how the economy and prices evolve in the near term. [Source: Federal Reserve communications]
Earlier remarks from a crypto industry executive suggested Bitcoin could reach $100,000 in April, a forecast that has sparked debate among traders and analysts as markets continue to price in macro uncertainty. The outlook remains speculative, with critics noting the volatility inherent in digital assets and the influence of broader financial conditions. [Source: Crypto industry commentary]
There have been discussions in the broader discourse about Bitcoin potentially serving as a strategic reserve for the United States, a notion examined by policymakers and market watchers as the digital asset ecosystem matures and evolves. While these conversations are exploratory, they reflect growing interest in how digital assets might complement traditional monetary tools in a diversified strategic framework. [Source: Market observers]