HomeUncategorizedBitcoin price hits 1-week lows as Fed rate hike rumors unsettle market By Cointelegraph

Bitcoin price hits 1-week lows as Fed rate hike rumors unsettle market By Cointelegraph

October 22, 2022

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Bitcoin price hits 1-week lows as Fed rate hike rumors unsettle market

(BTC) dipped further below $19,000 on Oct. 21 as rumors circulated over the United States Federal Reserve.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly dropping before the Wall Street open, hitting lows of $18,660 on Bitstamp.

Target (NYSE:) rate probabilities chart. Souce: CME Group (NASDAQ:)
(DXY) 1-hour candle chart. Source: TradingView
1-month candle chart. Source: TradingView