Bitcoin turned bloody on Wednesday following the announcement of interest rates by the Federal Open Market Committee (FOMC) and remarks by Fed Chair Jerome Powell on the expected rate cuts in 2024. Forced to put up with the disappointing news, some investors reacted by selling BTC, resulting in a drop below $43,000. According to Powell, The post Bitcoin’s Coveted $88,000 Peak In 2024 Holds Despite Powell Scattering Hope For March Rate Cut appeared first on CoinGape .
