Bitcoin ‘nuke’ warning as Fed rate hike decision looms — Dollar index hits 20-year high

(BTC) underwent a weak rebound on Sept. 21, and the U.S. dollar jumped to a new yearly high as investors await Sept. 21’s Federal Open Market Committee’s interest rate decision.

BTC’s price has managed to cling on to $19,000 with a modest daily gain of 1.33% . Meanwhile, the (DXY), which measures the greenback’s strength versus a pool of top foreign currencies, rose to 110.86, the highest level in 20 years.

vs. DXY daily price chart. Source: TradingViewFOMC policy decision scenarios for DXY and SPX. Source: John Kicklighter/DailyFXTotal new privately-owned housing units started. Source: FREDBTC/USD daily price chart featuring head-and-shoulder breakdown setup. Source: TradingView

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