Bitcoin nearly reached $86,000 following President Trump's groundbreaking speech on cryptocurrency. Institutional investors are pouring in amid significant regulatory changes. Will BTC now hit $90,000?
The Bitcoin (BTC) briefly surged to $86,000 before retreating to $84,000 following the historic speech by President Donald Trump at the Blockworks Digital Asset Summit. This marked a first for an American president who highlighted the pro-crypto stance of his administration, confirming the establishment of a Bitcoin Strategic Reserve and the end of Operation Chokepoint 2.0, a broad regulatory offensive against crypto banks.
JUST IN:
— Bitcoin Magazine (@BitcoinMagazine) March 20, 2025President Trump’s full address at the Digital Assets Summit. pic.twitter.com/jftBEY53sv
Trump also urged Congress to pass legislation on stablecoins, to establish a clear regulatory framework for digital assets. This regulatory shift towards institutional crypto adoption could boost long-term demand for Bitcoin, strengthening its role as a strategic financial asset.
Trump’s statements signal a regulatory turning point, replacing coercive measures with innovation-friendly policies. His speech underscored the importance of institutional engagement in Bitcoin and stablecoins, portraying the crypto industry as essential for economic growth.
Here are Trump’s key announcements :
His final statement was unequivocal: “Let’s make the United States the Bitcoin superpower and the global capital of cryptocurrency.”
The Bitcoin remains bullish, currently trading at $84,300, down 1.4% over 24 hours, with a market cap of $1.67 trillion. Despite this dip, BTC is supported by an upward trend above $84,000, indicating sustained buying interest.
If BTC surpasses $87,400, traders may target $90,000, supported by regulatory momentum, institutional demand, and overall positive sentiment. However, the trendline could face selling pressure early next week before starting a new bullish run towards $90,000, as significant liquidity lies below.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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