Bitcoin reached two-week highs on March 20, with prices nearing $87,500 on Bitstamp, primarily driven by a steady Federal Reserve meeting and rumors of a significant update to U.S. crypto policy. Following the Fed's decision to maintain current interest rates and anticipate two cuts by the end of 2025, optimism spread across risk assets, including Bitcoin and U.S. stocks. Arthur Hayes, former BitMEX CEO, suggested traders add risk in light of these developments. Notably, speculation about a possible announcement related to U.S. crypto strategies circulated, with expectations for a significant update from President Trump by March 21. The market has seen BTC rise approximately 13% since the previous week's lows, indicating a potential recovery trajectory. Popular trader Rekt Capital noted that Bitcoin needs just an additional 8% rally to reclaim higher price levels, highlighting cautious optimism among traders in response to the market conditions.

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