Bitcoin Price Rebounds After Powell’s Comments

The price of Bitcoin experienced a slight rebound, trading around $42,400 after dropping below $42,000 on Wednesday. This rebound comes in the context of Jerome Powell, the Chairman of the Federal Reserve, tempering expectations of an interest rate cut in March. Nick Chatters, an investment manager at Aegon Asset Management, noted that while the Fed does not anticipate a reduction in March, a cut is expected later in the year.