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

Cointelegraph

Published Oct 21, 2022 10:21AM ET

Updated Oct 22, 2022 03:20AM ET

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

BTC/USD 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:TGT) rate probabilities chart. Souce: CME Group (NASDAQ:CME)
U.S. dollar index (DXY) 1-hour candle chart. Source: TradingView
USD/JPY 1-month candle chart. Source: TradingView

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