Bitcoin extended its biggest jump in more than a week following the Federal Reserve’s latest monetary policy meeting and comments from Chair Jerome Powell that touched briefly upon crypto regulation.

Bitcoin and crypto traders are braced for the Federal Reserve's latest interest rate decision after U.S. president Donald Trump called for rates to come down

Bitcoin and altcoins rally after the Fed’s rate pause, with BTC breaking out of a bull flag pattern and targeting $116K. Powell’s crypto remarks and Trump’s policies fuel further optimism.

Bitcoin bulls pushed BTC price back toward its range high after FOMC minutes aligned with the markets’ expectations.

Bitcoin rose to $105,000 following the Fed's decision to hold rates steady, with Chair Jerome Powell signaling openness to crypto banking.

"We do not need to be in a hurry to adjust our policy stance," Fed Chair Jerome Powell said Wednesday, as Bitcoin bounced around.

As the Trump administration explores a U.S. cryptocurrency stockpile, two Texas bills filed this session are looking to be at the forefront of establishing a strategic bitcoin reserve for the state.

“I’ll demand that interest rates drop immediately,” Trump said during a virtual address at the World Economic Forum in Davos, Switzerland on Jan. 23. He later vowed to “put in a strong statement” with the Fed on the topic, confirming he expected that officials would listen.

Bitwise CIO Matt Hougan says Bitcoin’s four-year cycle may be broken by Trump’s new crypto executive order, extending the bull market.

For much of the past 24 months, the target price for Bitcoin has been $1 million. This price target was first articulated by Cathie Wood of Ark Invest, and has almost become part of crypto lore by now: Bitcoin is going to $1 million by 2030, and there's nothing that anyone can do to stop it.

Ethereum (ETH) is trading around $3,100 on Wednesday, with indications that investors might be positioning for a potential rally in February. From a technical perspective, ETH could rise by 35% if it achieves a high-volume move above the resistance level of a falling wedge pattern.