Bitcoin Regains $42K Following Wednesday’s Dip

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<p><b>Bitcoin traded just above $42,000 in the European morning </b><b>after Fed Chair Jerome Powell cooled hopes of an interest-rate cut in March</b><b> yesterday. </b>&#8220;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,&#8221; said Nick Chatters, a fixed income investment manager at Aegon Asset Management. &#8220;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.&#8221; 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.</p>
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<br /><a href="https://www.coindesk.com/markets/2024/02/01/first-mover-americas-bitcoin-regains-42k-following-wednesdays-dip/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines">Source link </a></p><p>The post <a href="https://forextraderhub.com/bitcoin-regains-42k-following-wednesdays-dip.html">Bitcoin Regains $42K Following Wednesday’s Dip</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>