{"id":406809,"date":"2022-02-17T14:08:08","date_gmt":"2022-02-17T11:08:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-briefly-dips-below-43k-as-fed-says-rate-hike-soon-appropriate\/"},"modified":"2022-02-17T14:08:08","modified_gmt":"2022-02-17T11:08:08","slug":"bitcoin-briefly-dips-below-43k-as-fed-says-rate-hike-soon-appropriate","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-briefly-dips-below-43k-as-fed-says-rate-hike-soon-appropriate\/","title":{"rendered":"# Bitcoin briefly dips below $43K as Fed says rate hike &#8216;soon appropriate&#8217;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a396e05257c8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a396e05257c8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-briefly-dips-below-43k-as-fed-says-rate-hike-soon-appropriate\/#Fed_teases_over_rate_hikes\" >Fed teases over rate hikes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-briefly-dips-below-43k-as-fed-says-rate-hike-soon-appropriate\/#Russia_tensions_persist_for_stocks_crypto\" >Russia tensions persist for stocks, crypto<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin briefly dips below $43K as Fed says rate hike &#8216;soon <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ropriate&#8217; <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) dipped below $43,000 on Feb. 17 as another day on ranging compounded hopes for an incoming breakout.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/3234c8aa-05dc-4be3-bd4f-7a5bbf8e2fae.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Fed_teases_over_rate_hikes\"><\/span>Fed teases over rate hikes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>\u00a0showed BTC\/USD acting in a slightly widened zone with $44,500 as a ceiling over the past 24 hours.<\/p>\n<p>The pair had returned to the top of its intraday range overnight on the back of Federal Reserve comments.<\/p>\n<p>Expected to provide cues about potential interest rate hikes, the Federal Open Market Committee (FOMC) minutes from a meeting in late January ultimately provided few surprises. A hike could come in March, but no firm commitment was voiced over the process.<\/p>\n<p>&#8220;The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run,&#8221; an accompanying <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20220126a.htm\">statement<\/a> read. <\/p>\n<blockquote><p>&#8220;In support of these goals, the Committee decided to keep the target range for the federal funds rate at 0 to 1\/4 percent. With inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate.&#8221;<\/p><\/blockquote>\n<p>The FOMC added that it was aiming to halt asset purchases altogether in March, in line with previous plans, with February&#8217;s purchases due to amount to at least $30 billion.<\/p>\n<p>With little in the way of fresh <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>, crypto markets were thus uninspiring going into Thursday. Zooming out, however, optimism was still firmly present on the strength of the past two weeks&#8217; BTC price action.<\/p>\n<p>&#8220;My bias has changed a bit and now favor a squeeze towards 53k before mid March,&#8221; popular trader and analyst Pentoshi <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Pentosh1\/status\/1494041127514742788\">said<\/a> as part of his latest <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> update.<\/p>\n<p>Others likewise noted the comparatively robust price performance this month compared to previous episodes in Bitcoin&#8217;s comedown from all-time highs last November.<\/p>\n<p>By bouncing at near $33,000 in January, for example, a miner capitulation event \u2014 where miners are forced to sell or stop mining altogether due to the Bitcoin spot price being less than their cost of production \u2014 was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/venturefounder\/status\/1494110606097534978\">successfully avoided<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Like I have said for the past week for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>; no reason to panic until support failed, no reason to be too excited until resistance breaks<\/p>\n<p>Just let it do its thing, take your emotions out of it: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/pBeQl17glc\">https:\/\/t.co\/pBeQl17glc<\/a><\/p>\n<p>\u2014 Matthew Hyland (@MatthewHyland_) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MatthewHyland_\/status\/1493997010084634628?ref_src=twsrc%5Etfw\">February 16, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As Cointelegraph reported, support levels were creeping up throughout recent days as buyers bet on a potential dip being less shallow than previously expected.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Russia_tensions_persist_for_stocks_crypto\"><\/span>Russia tensions persist for stocks, crypto<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Other macro signals on the day came in the form of fresh uncertainty over the Russia-Ukraine saga, with reports of hostilities emerging overnight.<\/p>\n<p><strong><em>Related:\u00a0Price analysis 2\/16: BTC, ETH, BNB, XRP, ADA, SOL, AVAX, LUNA, DOGE, DOT<\/em><\/strong><\/p>\n<p>Stock market futures were down at least 0.5% prior to the Wall Street open.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Possible news of mortars fired between Russia Ukraine.<\/p>\n<p>Oil up, risk down \/ audjpy down.<\/p>\n<p>If it\u2019s real, will shock through all markets.<\/p>\n<p>\u2014 Cantering Clark (@CanteringClark) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CanteringClark\/status\/1494161801411448835?ref_src=twsrc%5Etfw\">February 17, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, the U.S. government called claims that Russia was attempting to deescalate the situation on the Ukrainian border \u2014 something which would have conversely steaded nervous markets \u2014 &#8220;false.&#8221;<\/p>\n<p>\u201cYesterday, the Russian government said it was withdrawing troops from the border of Ukraine&#8230; we now know it was false,\u201d a senior official said on Wednesday <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/270d92d3-ac5d-49bc-a90b-2810e8f19ee2\">quoted<\/a> by the Financial Times.<\/p>\n<p>Both Bitcoin and altcoins remain highly correlated to equities as 2022 progresses.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-briefly-dips-below-43k-as-fed-says-rate-hike-soon-appropriate\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin briefly dips below $43K as Fed says rate hike &#8216;soon appropriate&#8217; &#8221; Bitcoin (BTC) dipped below $43,000 on Feb. 17 as another day on ranging compounded hopes for an incoming breakout. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed teases over rate hikes Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD acting in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":406810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvOWI1ZTgxZTEtNmM1Yi00NWExLWJhMTQtM2UwZTg1OGE0NmEwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-406809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/406809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=406809"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/406809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/406810"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=406809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=406809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=406809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}