#february is typically one of the best months for #bitcoin. last February saw one of lowest positive returns (1.1%) on record. last negative return for $BTC was in 2020 at -8%... out of all February's, only three have been negative... where do you see Bitcoin this month ? in the green or red? comment below!
Unfortunately, it looks as if the #FOMC meeting has put an interest rate cut in March out of the question according to Jerome Powell. This statement has put the market off slightly in the meantime. More than likely a rate cut will be in May of 2024 at the earliest.
With the good news of #FTX's exchange today not restarting and paying all customers back in full coupled with the #fomc meeting today, $BTC might be primed to take back $44k if Jerome Powell's language signals interest rate cuts are on the way.
Latest news: #FTX's exchange will not be restarted. $FTT has plunged on the news despite a short rip to the upside. However, all users will be repaid in full from those who lost money when the exchange went bankrupt.