Bitcoin Spikes to 87K: This One’s on the Fed for Keeping Rates Steady

• The Federal Reserve kept interest rates unchanged at 4.25%-4.50% in its March 2025 meeting.
• Bitcoin and the broader crypto market reacted positively to the decision.
• Historical data shows a strong correlation between Fed policy changes and crypto price movements.

The Federal Reserve decided to keep interest rates steady at 4.25%-4.50% during its Federal Open Market Committee (FOMC) March 19 meeting. This move signals that the central bank is taking a wait-and-see approach as concerns about inflation persist.

In a commentary on the FOMC decision, Santiment confirmed that Bitcoin and the wider cryptocurrency market responded favorably to this policy decision. Bitcoin, in particular, saw a significant price increase.

As of yesterday, Bitcoin’s price spiked to as high as $87,443 from around $82K. Meanwhile, as of press time, Bitcoin is trading at $85,814, reflecting a 3.2% rise in the past day.

This upward movement comes as no surprise, given that traders had largely anticipated the Fed to hold rates steady. Despite the positive short-term response, some analysts caution that the long-term impact of the Fed’s monetary policies on cryptocurrencies remain…

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