Bitcoin Surges to $87K After Fed Holds Rates Steady
Bitcoin is making waves today, climbing to an impressive $87,454 after the U.S. Federal Reserve decided to keep interest rates steady at 4.25%–4.50%. The announcement came during the latest FOMC meeting, sparking a 4.16% jump in Bitcoin’s price, according to CoinMarketCap. Investors seem relieved as the Fed also hinted at potential rate cuts later this year, despite trimming its 2025 growth forecast to 1.7%.
The crypto market got a boost alongside equities, with posts on X buzzing about Bitcoin breaking past its 20-day moving average of $85,000. Analysts are eyeing a possible push toward $90,000 if the momentum holds. This surge comes amid a pro-crypto vibe in the U.S., fueled by the Trump administration’s push for a Strategic Bitcoin Reserve, which kicked off earlier this month.
But it’s not all smooth sailing—Bitcoin’s still down 26% from its all-time high of $108,700. Market sentiment, tracked by the Fear & Greed Index, sits at a cautious 32 (Fear). Still, with institutional moves like the U.S. holding 200,000 confiscated BTC, many see this dip as a buying opportunity. Sources like Forbes and Coinpedia suggest a wild ride ahead, with predictions ranging from $100,000 by month’s end to a lofty $169,000 later this year if adoption picks up.
Sources: CoinMarketCap, Forbes (“Bitcoin Crash 2025, The Crypto Cycle Repeats”), Coinpedia (“Bitcoin Price Prediction 2025”).
