Bitcoin price dives pre-FOMC amid warning $17.6K low was not the bottom

Cointelegraph

Published Aug 17, 2022 10:59AM ET

Updated Aug 18, 2022 05:20AM ET

Bitcoin (BTC) dropped to weekly lows at the Aug. 17 Wall Street open as upcoming Federal Reserve comments unsettled risk assets.

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

Data from Cointelegraph Markets Pro and TradingView tracked a more than 2% daily decline in BTC/USD, which hit $23,325 on Bitstamp.

U.S. dollar index (DXY) 1-day candle chart. Source: TradingView
BTC/USD buy and sell levels (Binance). Source: Material Indicators/ Twitter (NYSE:TWTR)

Continue Reading on Coin Telegraph