Americas Crypto Overview: Bitcoin Regains Momentum as Trump's Optimism Inspires Global Interest, Investors Await FOMC Decision

By James Van Straten (All times are in Eastern Time unless specified otherwise) Under the Trump administration, each passing day brings new developments, and Wednesday promises to be just as eventful. The president's fervor for bitcoin is contagious, prompting other nations to explore the cryptocurrency. Recently, Czech National Bank Governor Aleš Michl announced plans to propose the allocation of billions of euros in bitcoin to the bank's reserves. If approved, this move would make the institution the first Western central bank to hold bitcoin as a reserve asset. Michl plans to present the proposal to the bank's board on Thursday. Later today, the Federal Open Market Committee will convene, with expectations that the benchmark fed funds rate will remain at 4.25%-4.50%. The key question is whether Fed Chair Jerome Powell will provide a hawkish or dovish outlook, which could have a ripple effect on asset prices. The markets appear to have overcome concerns about the Chinese DeepSeek AI program, with bitcoin rebounding to over $102,000. U.S. equities are nearing an all-time high, driven in part by Nvidia's (NVDA) nearly double-digit surge. Volatility may increase after the market closes, as major tech companies, including Tesla (TSLA), release their earnings reports. Key Developments to Watch Upcoming Token Events Conference Schedule Token Talk By Shaurya Malwa Derivatives Market Positioning Market Trends: Bitcoin Key Statistics: Technical Analysis Overview Crypto-Related Equities ETF Investment Flows Spot Bitcoin ETFs: Spot Ethereum ETFs Source: Farside Investors Overnight Market Flows Chart of the Day Notable Developments While You Were Sleeping Ethereum-Related News