Bitcoin Concludes Positive Week Amidst Fed Rate Hike Speculations

By: Eliza Bennet

Bitcoin managed to conclude the week on a positive note regardless of pertinent speculation around Federal reserve's interest rate hike in March, following an impressive U.S. jobs report. The popular cryptocurrency, Bitcoin [BTC], sustained at $43K, marking a 2% gain by the end of the week. Another noteworthy gainer in the crypto markets was PYTH, that saw a 15% rise on its Binance listing.

The crypto markets continually adapt to global financial trends and economic indicators, as evident from the latest market movements. While the anticipation of the interest rate hike by the Federal reserve persisted, the stronger than expected U.S. jobs report played a crucial role in boosting market morale, well-reflected in the performance of key cryptocurrencies.