Bitcoin casts off dip, climbs past K as Fed signals rate hike coming in March

Bitcoin casts off dip, climbs past $45K as Fed signals rate hike coming in March

Bitcoin (BTC) hit daily lows, then bounced strongly on March 2 as fresh comments by the United States Federal Reserve added to macro volatility.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Powell: March rate hike expected “appropriate”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $43,350 on Bitstamp before the Wall Street open on March 3.

A recovery ensued as trading began, however, with the pair already back above $45,000 at the time of…


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