Bitcoin has been making headlines recently as it reached two-week highs on March 20th. Rumors were circulating that the US government was preparing a major update to its crypto policy, causing BTC to spike to nearly $87,500 on Bitstamp. This news came after a relatively calm Federal Reserve meeting where officials decided to hold interest rates at current levels.

The Fed’s decision to not make any major changes to its policy was a relief to both traditional and crypto markets. The S&P 500 ended the day up by 1%, adding $500 billion in market cap. This positive sentiment also extended to Bitcoin, with former BitMEX CEO Arthur Hayes suggesting that the Fed’s decision was a signal for traders to add risk.

However, the real excitement in the crypto world came from rumors that President Trump would be making a significant change to his crypto strategy on March 21st. This would be his first major update since establishing the national crypto reserve on March 6th. The Kobeissi Letter summarized the rumors, stating that Trump may be changing his approach to crypto.

This news has caused a lot of speculation and excitement in the crypto community, with many traders eagerly awaiting the announcement. The recent daily close above key resistance trend lines has also added to the optimism, with popular trader and analyst Rekt Capital reporting that Bitcoin only needs to rally 8% more to reclaim the range above and end its downside deviation.

However, it’s important to remember that every investment and trading move involves risk, and readers should conduct their own research before making any decisions. This article does not contain investment advice or recommendations. But with the potential for a major update to US crypto policy, it’s definitely a story worth following.