I only say these things as initially when SVB went bankrupt people said "this is bad for Bitcoin", because at the time price had started to pull back towards $20K. Then when Bitcoin pumped back up to $25K people changed their mind and said "this is good fro Bitcoin", because price was rebounding. I imagine if Bitcoin had gone sideways people would of said "this doesn't affect Bitcoin". It's the same old story.
Lol, exactly. Its all about narration and story telling which drives the market.
If I'm not mistaken, the FED has raising its key interest rate by 0.25 and that's why the price seems to go down below $28k. But we have bounce back to high of $27,700, so I guess the price will continue to rally again this month and could $28k again.
It didn't dump after the 25bps hike announcement. It dumped later when powell started his speech saying they might keep raising rates in the future which drived the markets down. Ppl are more like addicted to betting on the future rather than the current on-spot scenario. However, I dont trust any words from Powell now. He keeps changing more often than girls change their dress style.