Bitcoin has recently experienced a slight dip in value, but it remains a good signal 

Over the past few days, there have been many negative news stories that have caused the market to shrink slightly. On March 23, the FED raised interest rates by 0.25%, causing Bitcoin to drop to $27,000. Jerome Powell, the chairman of the FED, stated that the mission to fight inflation will continue, even to the point of achieving the target of reducing inflation to 2%.

This has caused investors to worry about the future of the economy, amid the need to increase interest rates which may not end in the near future, as the market had previously anticipated due to problems with liquidity in the banking system. This was reflected in the strong selling of risky assets such as stocks and cryptocurrencies.

Bitcoin, the world's number one digital currency dropped to a low of $26,601 from its all-time high of $28,868 just a few minutes after the news was announced, resulting in a drop in the cryptocurrency market's total market cap by almost 3% to $1.14 trillion.

In addition to the FED news, there is also the issue of Binance, the world's largest cryptocurrency trading platform, announcing a ban on investors withdrawing their cryptocurrencies due to technical issues that lasted for several hours before returning to offer deposit and withdrawal services to investors.

In addition, it has been reported that Binance is being investigated by the US Department of Justice on charges of money laundering and violating government sanctions, while reports indicate that officials of the company have stated that the company is willing to pay fines to settle the investigation.

Meanwhile, Morgan Stanley released a new research report on Friday, finding that the majority of Bitcoin trades in February occurred on just one platform, which is Binance. Analysts from Morgan Stanley noted that 81% of BTC traded on crypto exchanges in February was done exclusively on Binance concluding that "Binance traders are now setting the daily price of BTC." Regarding the recent price surge in Bitcoin, analysts noted that this rapid change was due to traditional banks weakening, causing the price of Bitcoin to rise.