Bitcoin Price Stumbles After Fed Dashes March Rate Cut Hopes

THE price of Bitcoin dived 2.5% After THE fed press break on interest rates And cushioned any of them hope of rate cuts following month.

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Bitcoin (BTC) tripped on Wednesday After THE United States Federal Reserve decided has leave interest rates unchanged And watered down hope of A potential rate cut In March, leading A analyst has predict worry in front For WE. actions And BTC.

During THE Federal Open Markets Committee press conference on Jan. 31, THE fed Reserve Advice said interest rates would be stay has 5.25%-5.50%, add that he would be need "bigger trust" that inflation pressures had has been treaty with Before Cut rates.

GI Markets analyst Tony Sycamore said Cointelegraph that THE The Fed warmonger feeling could to spell worry For WE. actions And risk assets such as Bitcoin.

"Unless earnings reports tomorrow Since Apple, Amazon, And Meta to pull THE lights out, to wait for has see A further withdrawal In WE actions In future sessions, which will to weigh on other risk assets including Bitcoin", Sycamore said.

THE price of Bitcoin fell A little on 2.2% following THE FOMC announcement And East Currently changing hands For $42,590 — However he East always up 7% For THE week, by Trading View data.

Bitcoin fell 2.2% following THE The FOMC decision has break rates. Source: TradingView

"THE Committee do not to wait for he will be appropriate has reduce THE target range until he has won bigger trust that inflation East moving sustainably towards 2 percent," THE fed Reserve Advice wrote In A declaration.

THE fed added that recent indicators sharp has "solid" economic expansion...