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.
Related Posts
Kraken is stepping up its game. The American exchange integrates the INK token and Ink Layer 2 directly…
Tether Becomes Profit Leader in the Tokenization of Real Assets
Tether Generates $6.2 Billion Profit in 2023, Surpassing BlackRock Tether, one of the major players in the cryptocurrency…
Bitcoin Soars and Crashes on Misinformation
Bitcoin has recently experienced a turbulent period, going from $27,900 to $30,000 within a few minutes, only to…
SEC Delays Decision on Hashdex and ARK 21Shares Ethereum Spot ETFs, Analysts Express Doubts
In the ever-evolving world of cryptocurrency, all eyes are on Ethereum Spot ETFs. Recently, the US Securities and…