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

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

10/21/2022 5:27:00 PM

A burst of volatility for Bitcoin as the market worries over Fed policy

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Cointelegraph

A burst of volatility for Bitcoin as the market worries over Fed policy BTC price falls to weekly lows on uncertainty over Fed policy and scorn from Bitcoin commentators. summarizedTimiraos came in for skepticism following his words, with some accusing him of"leaking" data that would be sensitive for markets..Target rate probabilities chart. Souce: CME GroupRelated:“It’s all about DXY and the consolidation between recent highs and D1 uptrend,” popular crypto trader and analyst Pierre Read more:
Cointelegraph » Bitcoin, Ethereum Technical Analysis: Strong Dollar Pushes BTC Below $19,000 – Market Updates Bitcoin News Bitcoin faces tough daily resistance as BTC price matches UK pound volatility Bitcoin sees its highest ever daily close as BTC/Euro pair hits all-time highs Bitcoin Forecast: BTC/USD Resilience Holds as Consolidation Builds

Sterling rallies Nov rate-hike bets scaled back as Liz Truss quits as PM

Sterling rallied on Thursday and investors reined in their bets on a big Bank of England interest rate hike in November as UK Prime Minister Liz Truss announced her resignation just six weeks after she was appointed. Read more >> Bitcoin, Ethereum Technical Analysis: Strong Dollar Pushes BTC Below $19,000 – Market Updates Bitcoin NewsBitcoin was once again trading under $19,000, as the U.S. dollar moved to a one-week high versus several G7 currencies. The scenario of Bitcoin going to zero does not exist anymore. BTC is playing much the same role as gold did in the early days of banking. You all should Follow Bnb_7h she knows her stuff when it comes to BTC and other Cryptos,her tweet have been really helpful over the years Airdrop campaign now Crazy returns in airdrop now 🎁 Bitcoin faces tough daily resistance as BTC price matches UK pound volatilityYou thought BTC was volatile? Take a look at the pound right now. (Reporting via WilliamSuberg) Yeah well the narrative that only crypto is volatile is something I never bought, so I am not surprised that the British Pound is volatile Bitcoin sees its highest ever daily close as BTC/Euro pair hits all-time highsBitcoin nails its highest daily close against the dollar and new all-time highs against the euro. The scenario of Bitcoin going to zero does not exist anymore. BTC is playing much the same role as gold did in the early days of banking. You all should Follow 10_beth_ she knows her stuff when it comes to BTC and other Cryptos,her tweet have been really helpful over the years Bitcoin Forecast: BTC/USD Resilience Holds as Consolidation BuildsBitcoin (BTC) prices remain in a tight range despite earnings and Fedspeak schedule that remain at the forefront of risk sentiment. How long can BTC/USD hold this range? Here’s what could spark a ‘huge BTC rally’ as Bitcoin clings to $19KBitcoin analysts wait for cues as record Eurozone inflation accompanies a weakening dollar and potential BTC price trigger. WilliamSuberg celinethethird therealkingship is that your boat or they’ve copied? 🤣 WilliamSuberg You should take a look at LYNK, because of great development and partnerships LynkeyToken LYNK Lynkeyer $LYNK btc eth crypto x100Gems WilliamSuberg This rally might not end anytime soon Capitulation or profit-taking? Bitcoin whale moves 32K BTC dormant since 2018Did someone just buy 32,000 BTC? Whale_map unearths a major whale transaction. whale_map whale_map China gov whale_map Hehe, Maybe willing to sell 🥳 Citing mainstream media quotations from Fed officials, they suggested that the November hike could be the last 75-basis-point adjustment, with smaller ones following.) was back in the red on Friday, as the U.TradingView showed BTC/USD firmly rangebound at around $19,000 overnight, moving only around $400 up or down.TradingView showed BTC/USD reaching $64,490 on Bitstamp overnight. “Some officials are more eager to calibrate their rate setting to reduce the risk of overtightening,” Nick Timiraos, chief economics correspondent at the Wall Street Journal, summarized . “But they won’t want to dramatically loosen financial conditions if and when they hike by 50 bps (instead of 75). dollar continued to strengthen versus several G7 currencies. This meeting could allow officials to get aligned on next steps. GBP vs.” Timiraos came in for skepticism following his words, with some accusing him of"leaking" data that would be sensitive for markets.20 during Thursday’s session, BTC /USD slipped to an intraday low of $18,945. "How silly that there's a designated Fed leaker that can drop a timely tweet thread and instantly impact global markets," popular commentator Stack Hodler wrote . “Summary: at 40k I mentioned 73k as first target but I think we’re going higher and keep extending those waves. "Imagine the havoc if someone hacked this guys account and leaked a 100bps raise. The move pushed prices of the token towards a key support point of $18,900, as price strength also declined. “Bitcoin continues to trade in a congested and critical range,” Keith Alan, founder of analytics resource Material Indicators, summarized on the day. Yields rocket and we get UK pension crisis 2.0 — what a janky monetary system.50, and as of writing is set to move below 40." to CME Group’s FedWatch Tool, the odds of a 75-basis-point hike next month remained almost guaranteed, with a mere 6. BTC/USD 1-day candle chart (Bitstamp) with 21, 50 MA.2% chance of 50 basis points. The 10-day (red) moving average has also extended its downward trend, which could be a sign of further bearish sentiment. Target rate probabilities chart. Souce: CME Group Dollar retreats after yen seals more lows U. Ethereum.S. equities saw a confident start to trading on the day, while the U.S. dollar swiftly lost ground after earlier causing fresh pain for trading partner currencies. Related: The U.S. dollar index (DXY) was below 113 at the time of writing, having spiked to near 114 hours prior. U. S. dollar index (DXY) 1-hour candle chart. Source: TradingView “It’s all about DXY and the consolidation between recent highs and D1 uptrend,” popular crypto trader and analyst Pierre explained , citing the earlier analysis. In a sign of how problematic the dollar's rise was becoming, the Japanese yen weakened past the psychologically significant 150 mark — a 32-year low. "Unless the BOJ gives in in its bond yield suppression, the yen will continue to power lower. JPY 150 breeched," Alasdair Macleod, the head of research for Goldmoney, . USD/JPY 1-month candle chart. Source: TradingView The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. .