I think it’s the opposite. Bitcoin dropped because the stock market dropped last week due to the higher than expected CPI and PPI prints. Means that inflation is still here and traders are pricing in higher yields which was showed after the bond sell off.

I don’t think they will hike in March. If they did a cut then it would be bullish for stocks and crypto. However there is expectations that the fed might start rate cuts in June, and about 3 in total this year, towards the end of the year.