The macro landscape and Congress continue to feature prominently in this week’s top crypto headlines. Here’s a recap of key updates that shaped the markets in the past 48 hours. 

Bitcoin extends losses after FOMC Minutes 

Bitcoin extended its weekly losses to 7% following the release of Federal Open Market Committee (FOMC) Minutes on the 18th of February. 

The FOMC Minutes were mildly hawkish and cemented the ‘interest rate cut pause’ for the March Fed meeting. 

Source: CME FedWatch Tool

With low expectations for a Fed rate cut in March (less than 6%), risk sentiment declined, dragging BTC to a low of $ 65,800 during the Wednesday intraday session. From Sunday’s peak of $70.9K, this was a 7% decline this week,…