Bitcoin Price Holds $73,500 as March FOMC Looms — Will Jerome Powell Trigger the Next Big Move?

Jerome Powell’s final months as Fed Chair are getting messy.Bitcoin is trading near $73,500 dragging off a 15% drop in February that extended a five month losing streak. The Strait of Hormuz just closed, cutting off 20% of global oil production.Crude is past $100 a barrel. February CPI already printed at 2.4% before the full oil shock hit the data.The FOMC is expected to hold rates on Wednesday. But the tone is…