Bitcoin Dips to $42.4K as Fed's Powell Pours Cold Water on March Rate Cut

Risk assets including cryptos turned sharply lower in the immediate aftermath of that remark. BTC fell to $42,300 from its daily high of $43,700 and was down 2.3% over the past 24 hours. The CoinDesk 20 {{CD20}} index, a broad crypto market benchmark that covers some 90% of the total market value of digital assets, declined nearly 3% during the same time.