Bitcoin Price Dips as Fed Chair Powell

[Cordillerabit]

The Bitcoin (BTC) price has dipped back below $43,000 in wake of hawkish comments from Fed Chairman Jerome Powell, who on Wednesday commented that he doesn’t think it likely the FOMC will be confident enough to cut US interest rates as soon as March.

His comments come after the Fed announced that it had decided to leave interest rates unchanged at 5.25-5.5%, as expected.

In its policy announcement, the Fed’s statement said that interest rate cuts won’t come until the Fed has greater confidence that inflation is moving sustainably lower.

Source: https://cryptonews.com/news/bitcoin-price-dips-as-fed-chair-powell-says-march-rate-cut-unlikely-where-next-for-btc.htm

[Aanuoluwatofunmi]

Whenever the market plummet, we will always have something to attach this occurrence with, there are many financial and economic activities from all around the world happening everyday in which we could take as an excuse for either the rise or fall of bitcoin and not that the people out that in mind as the causes to the crypto market changes are more beyond this,.the bitcoin halving, demands and supplies and other crypto related activities also contributed majorly on the rise and fall of the market.