BREAKING: President Trump will address DAS tomorrow This is the first time a sitting President has addressed a crypto conference.pic.twitter.com/x3gnGP0yAN— Blockworks (@Blockworks_) March 19, 2025There are speculations that Trump will make major updates to his administration’s crypto policies.“This would be his first major update since March 6, when the national crypto reserve was established,” capital markets commentator The Kobeissi Letter said in a March 19 post on X, adding:“Rumors state President Trump may be making a significant change to his strategy.”Trump’s recent comments about establishing a Strategic Bitcoin Reserve and his pro-crypto stance have sparked excitement among investors. Following his election, Bitcoin ETF inflows hit a record $3.4 billion per week, and Bitcoin breached the $100,000 level before setting a new all-time high above $109,000. This reflects institutional enthusiasm for a potentially crypto-friendly regulatory environment.
But stonks prob have more pain left to fully convert Jay to team Trump so stay nimble and cashed up.— Arthur Hayes (@CryptoHayes) March 20, 2025Related: US recession would be a big catalyst for Bitcoin: BlackRockCrypto market technical reboundChart technicals show that the crypto market’s gains today are part of a rebound that started after the price dropped to a multimonth low of $2.44 trillion on March 11.
BREAKING: The S&P 500 adds +$500 billion of market cap today as the Fed extends their rate cut pause for the 2nd straight meeting.pic.twitter.com/948U2U7gKe— The Kobeissi Letter (@KobeissiLetter) March 19, 2025The US Dollar Index (DXY) remains at its lowest levels since early November and is down more than 6.04% from its Jan.13 peak of 110.17. This comes after the Federal Open Market Committee (FOMC) meeting, which saw the US central bank leave interest rates unchanged at 4.25%-4.50%, meeting market expectations.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Nancy Lubale
The story "Why is the crypto market up today?" has 457 words across 24 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Why is the crypto market up today?" was covered 17 hours ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 479 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
