BTC to be more sensitive to macro indicators such as US interest rates; BTC outflows may occur after FOMC decision to keep interest rates high.

"As more institutions invest in bitcoin spot ETFs, the price of bitcoin will become more sensitive to Fed interest rate decisions," James Butterfill, Head of Research at Coinshares, told TheBlock. "This will also make it more sensitive to interest rate sensitive macro indicators such as employment and CPI." Meanwhile, Ruslan Lienha, head of U.S. holder markets at fintech platform Web3, predicts that "there may be outflows from risk assets such as BTC as the Fed is expected to keep interest rates high for longer than the market expects." On the other hand, crypto asset manager Swissbloc said that "downside attempts may be limited as BTC remains in the $42,000-$44,000 range." Earlier, Fed Chairman Jerome Powell said that a March rate cut is unlikely.