HomeUncategorizedBiggest Fed rate hike in 40 years? 5 things to know in Bitcoin this week By Cointelegraph

Biggest Fed rate hike in 40 years? 5 things to know in Bitcoin this week By Cointelegraph

September 19, 2022

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Biggest Fed rate hike in 40 years? 5 things to know in Bitcoin this week

(BTC) faces another week of “huge” macro announcements after the lowest weekly close since July.

After days of losses following the latest inflation data from the United States, , like altcoins and risk assets more broadly, has failed to recover.

Fed target rate probabilities chart as of Sep. 19, 2022. Source: CME Group (NASDAQ:)
BTC/USD 1-week candle chart (Bitstamp). Source: TradingView
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
(DXY) vs. BTC/USD 1-day chart. Source: TradingView
1-hour candle chart (Binance). Source: TradingView
Bitcoin % supply last active 5+ years ago chart. Source: Glassnode/ Twitter (NYSE:)
Bitcoin supply last active 5-7 years ago chart. Source: Glassnode/ Twitter