Analyst: The relaxation of the financial environment is driving Bitcoin to soar, and it is expected to reach a historical high in the second quarter

PANews reported on March 20th, according to Decrypt, cryptocurrencies such as Bitcoin, Ethereum and Solana rose after the US Federal Reserve maintained interest rates unchanged on Wednesday and the chairman of the Federal Reserve gave a reassuring speech. The US stock market also went up accordingly. More relaxed financial conditions seem to be boosting risk appetite. The dollar recorded its third-largest three-day drop since 2015, while bond yields and bond market volatility fell sharply. Jamie Coutts, Chief Cryptocurrency Analyst at Real Vision, said these changes could lay the groundwork for a significant rise in Bitcoin within the next 90 days. Coutts stated: "Historically, these signals often herald substantial fluctuations in Bitcoin. The current market may underestimate the speed at which Bitcoin can rapidly increase - despite ongoing issues with Trump's tariffs and potential economic recession, Bitcoin might reach an all-time high before the end of Q2."