On March 19, the Federal Reserve announced that it would begin to slow the pace of quantitative tightening (QT) starting April 1, reducing the monthly cap on maturing Treasury bonds that are not replaced from $25 billion to $5 billion.
As soon as the news broke, global markets surged, with Bitcoin's price jumping from around $84,000 to over $87,000, an increase of nearly 4%, currently maintaining above $86,000. However, other major cryptocurrencies also rose in response, with Ethereum (ETH) increasing by 5% during the same period.
Federal Reserve Chairman Powell emphasized that this adjustment should not be interpreted as a broader policy shift, but rather a technical adjustment aimed at ensuring smooth market operations. However, the market has clearly reacted strongly to this news, as evidenced by the rise in Bitcoin's price.