Bitcoin (BTC) sought to reinforce higher support at the March 20 Wall Street open as bulls broke out of a key downtrend.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Trump pledges to make US “Bitcoin superpower”
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning above $86,000.
Now circling the daily open, Bitcoin continued to build on strength which came the day prior thanks to encouraging macroeconomic signals from the US Federal Reserve.
Rumors of a further announcement on crypto by the US government administration helped BTC price action to reach two-week highs.
President Donald Trump was due to deliver virtual remarks on the third day of the Blockworks Digital Asset Summit 2025 event in New York.
Trump doubled down on his pledge not to sell confiscated US Bitcoin, as well as end regulatory mechanisms such as Operation