Cryptocurrencies have been quick to regain momentum following Jerome Powell’s speech which sent Bitcoin and altcoins spiralling. As per the Fed Chair, the Federal Open Markets Committee (FOMC) members were not convinced interest rate cuts were viable or achievable by March. As a result, markets turned bearish with BTC dropping to test support at $42,000. The post Bitcoin Price Eyes Parabolic Rise In 2024 But Has Q1 Altcoin Hype Cycle Started? appeared first on CoinGape .