Biggest Fed rate hike in 40 years? 5 things to know in Bitcoin this week
2022.09.19 03:15
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Biggest Fed rate hike in 40 years? 5 things to know in Bitcoin this week
(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, , 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:)BTC/USD 1-week candle chart (Bitstamp). Source: TradingViewBTC/USD 1-hour candle chart (Bitstamp). Source: TradingView (DXY) vs. BTC/USD 1-day chart. Source: TradingView 1-hour candle chart (Binance). Source: TradingViewBitcoin % supply last active 5+ years ago chart. Source: Glassnode/ Twitter (NYSE:)Bitcoin supply last active 5-7 years ago chart. Source: Glassnode/ Twitter
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