Bitcoin Price Hit $87,453 Post-Trump Speech Before Sharp Pullback– Will New Policy Drive BTC to $90K!

Bitcoin price saw a dramatic shift after Donald Trump made remarks at the Digital Asset Summit in New York. Bitcoin soared to an intraday high of $87,453 before dropping quickly to $83,655 when Trump’s pre-recorded statement didn’t mention speculated policy changes. Traders expected significant pro-crypto policies such as digital asset tax cuts and government Bitcoin acquisitions. Trump confirmed his administration’s plan to keep seized Bitcoin and enforce stablecoin regulations. He promised to make the United States a global crypto leader, yet this fell short of traders’ expectations, leading to a swift market correction.

Market Reaction to Trump’s Remarks

Market participants eagerly awaited the president’s remarks, fueled by speculations of a major change in United States cryptocurrency policies. Hopes for tax exemptions or federal endorsements had built buying pressure before the event unfolded. When the actual speech failed to meet these high expectations, the classic “buy the rumor, sell the news” scenario played out.

While Trump repeated his administration’s decision to keep confiscated cryptocurrencies off the market and urged legislative clarity on stablecoin regulations, these points were not enough to sustain the price increase. Many investors, expecting a more bullish stance, chose to exit their trades. This decision initiated a rapid price decline back to $83,655 within hours of the statement.

Navigating Future Price Swings

Following the rapid Bitcoin price movements, technical analysts began to consider possible future price actions. Market expert Aksel Kibar identified $73,700 as a significant support level for Bitcoin’s price. He warned that a continued bearish momentum could push Bitcoin back down to this particular zone. However, Kibar emphasized the long-term upward trend remains strong, though short-term pullbacks are likely before rallies continue.

Market volatility following Trump’s statements demonstrates sensitivity to macroeconomic factors and regulations. Bitcoin’s uptrend remains robust, yet these sudden price changes indicate risk management is crucial. Experts suggest traders should keep sufficient liquidity and maintain flexible strategies to navigate these uncertain market conditions.

Broader Economic Factors at Play

Bitcoin movements this week were not only due to Trump’s statement; earlier, the Federal Open Market Committee meeting minutes showed plans to slow quantitative tightening. Federal Reserve Chair Jerome Powell also suggested the possibility of two interest rate reductions in 2025. These hints provided a favorable setting for high-risk assets, and digital currencies benefited from that group.

JAYPOW delivered, QT basically over Apr 1. The next thing we need to get bulled up for realz is either SLR exemption and or a restart of QE.

Was $BTC $77k the bottom, prob. 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, 2025

Arthur Hayes, the BitMEX co-founder, believes that the easing stance in Federal Reserve policy benefits Bitcoin and reinforces its hedge role. Bitcoin retraced after Trump’s speech, yet the macroeconomic landscape stays favorable for digital assets.

The Road Ahead

The latest Bitcoin price swings are a reminder that market volatility is a natural part of the crypto space. While Trump’s address did not provide the immediate boost traders had hoped for, his broader goal of crypto leadership of the United States does suggest a more supportive regulatory future. With economic factors like Federal Reserve policy adjustments and growing institutional acceptance continuing to play a major role, the future market trajectory appears favorable. However, traders should carefully handle short-term volatility, ensuring they are ready for price drops and potential future increases.