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…


Source link

About bitcoin

Check Also

Giant Bitcoin 'Taproot Wizard' NFT Minted in Collaboration With Luxor Mining Pool – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my …

Leave a Reply

Your email address will not be published. Required fields are marked *