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

Cointelegraph

Published Sep 19, 2022 01:25AM ET

Updated Sep 19, 2022 03:00AM ET

Bitcoin (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, BTC/USD, 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:CME)
BTC/USD 1-week candle chart (Bitstamp). Source: TradingView
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
U.S. dollar index (DXY) vs. BTC/USD 1-day chart. Source: TradingView
ETH/USD 1-hour candle chart (Binance). Source: TradingView
Bitcoin % supply last active 5+ years ago chart. Source: Glassnode/ Twitter (NYSE:TWTR)
Bitcoin supply last active 5-7 years ago chart. Source: Glassnode/ Twitter

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