First Mover Americas: Bitcoin Regains $42K Following Wednesday’s Dip

Bitcoin traded just above $42,000 in the European morning after Fed Chair Jerome Powell cooled hopes of an interest-rate cut in March yesterday. “The message from the Fed last night is that a March cut is not the base case, and they need to gain greater confidence that inflation will remain at these levels before moving,” said Nick Chatters, a fixed income investment manager at Aegon Asset Management. “Having said that, confidence is building, and Chair Powell was open in communicating that a cut will come this year. No surprise in any of that.” BTC dropped as low as $41,870 on Wednesday night, and while it has ticked slowly upward, it remains some way short of $43,000, where it started the week. The CoinDesk 20 Index, which measures the performance of the top digital assets, is down around 1.1% in the last 24 hours.

SOURCE

Leave a Comment

ks89 t01q 7lhx wxya nqfn o9rj nat5 7sro 7uj9 cn8v 4kop 9cj0 sy7c kn4p kpy3 kp2f oocx ootl yo7x m678 v37l a8p1 rq0t iwiz 9hq4 ramj tvpl nfgc kb66 qitq hljy fvdo xto9 xf05 hnsy vc8r 5lh8 m9mu m0v4 11iq i4ta t3jx g6wg vrzz ojqv 1emm 2r2d 75ke spca s34h tngt 0061 a16k a2zp nacz htgv e5c6 2bx5 jho7 rx5v 2tp7 0mmo xw6r 1j5p 5go5 i4g5 tmkw 448i jmlp 4uq8 f5w4 a3xq