Bitcoin has surged above the $60,000 mark, reaching $60,394.41, driven by investor anticipation of the Federal Reserve's upcoming interest rate cuts and a recent announcement by Donald Trump about his new crypto venture. This price increase reflects a 4.3% gain, bolstered by significant inflows into Bitcoin Spot ETFs and institutional interest, particularly with Singapore's DBS bank planning to launch options trading for Bitcoin and Ethereum. Analysts predict that while short-term fluctuations may occur due to the Fed's decision, the long-term outlook remains positive, with potential targets of $61,700 and $63,000 for Bitcoin. Altcoins, including Ethereum, have also seen gains, benefitting from Bitcoin's bullish trend. However, experts caution that the market may experience volatility post-Fed announcement, and investors should remain vigilant about potential downturns. Overall, the intersection of political developments and monetary policy is shaping the current crypto landscape.