{"id":17942,"date":"2023-02-17T05:40:15","date_gmt":"2023-02-17T05:40:15","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/02\/17\/hawkish-fed-stands-puts-breaks-to-bitcoin-btc-price-rally\/"},"modified":"2023-02-17T05:40:15","modified_gmt":"2023-02-17T05:40:15","slug":"hawkish-fed-stands-puts-breaks-to-bitcoin-btc-price-rally","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/02\/17\/hawkish-fed-stands-puts-breaks-to-bitcoin-btc-price-rally\/","title":{"rendered":"Hawkish Fed Stands Puts Breaks to Bitcoin (BTC) Price Rally"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/hawkish-fed-rhetoric-pulls-down-bitcoin-price-btc-by-4-does-the-party-end-sooner\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>Earlier this week on Wednesday, February 15, the world\u2019s largest cryptocurrency Bitcoin (BTC) <a href=\"https:\/\/coingape.com\/bitcoin-btc-jumps-12-hitting-a-6-month-high-is-this-a-dead-cat-bounce\/\" target=\"_blank\" rel=\"noopener\">jumped more than 12%<\/a> inching nearer to $25,000. This sparked a serious euphoria within the crypto area that BTC might be heading to an additional rally this 12 months.<\/p>\n<p>However, the macro indicators are flashing warnings and the hawkish fed rhetoric is a drag down. In the final 24 hours, the BTC value tanked by greater than 4% and is presently buying and selling at $23,797 with a market cap of $459 billion. Apart from this, a few of the high altcoins have additionally retreated.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>Investors are questioning what\u2019s the subsequent trajectory for Bitcoin (BTC) going forward. Was yesterday\u2019s value pump a lifeless cat bounce? On-chain indicators counsel that buyers don\u2019t want to fear but. Citing information from IntoTheBlock, standard market analyst Ali Martinez <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/ali_charts\/status\/1626428626219700225\" target=\"_blank\">noted<\/a>:<\/p>\n<blockquote>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Nothing to fear about but! <\/span><span class=\"r-18u37iz\">@intotheblock<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u2018s IOMAP exhibits that <\/span><span class=\"r-18u37iz\">Bitcoin<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u00a0constructed an important assist barrier between $21,700 and $23,700, the place 1.60 million addresses purchased over 1.32 million <\/span><span class=\"r-18u37iz\">$BTC<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">. If this demand wall can maintain <\/span><span class=\"r-18u37iz\">#BTC<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">, discover that the subsequent key resistance sits at $27,000.<\/span><\/p>\n<\/blockquote>\n<figure id=\"attachment_139279\" aria-describedby=\"caption-attachment-139279\" style=\"width: 2526px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-139279\" alt=\"\" width=\"2526\" height=\"1022\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/02\/17104318\/Bitcoin-BTC-Demand-Zone.jpeg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-139279\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/02\/17104318\/Bitcoin-BTC-Demand-Zone.jpeg\" alt=\"\" width=\"2526\" height=\"1022\"\/><\/noscript><figcaption id=\"caption-attachment-139279\" class=\"wp-caption-text dfdfdf1\">Courtesy: IntoTheBlock<\/figcaption><\/figure>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>As Bitcoin (BTC) posed 50% positive factors for the reason that starting of 2023, Bloomberg\u2019s senior commodity strategist Mike McGlone explains the explanation behind it. He <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/mikemcglone11\/status\/1625201565396086784\" target=\"_blank\">said<\/a>: \u201cBitcoin reached the steepest discount vs. its 200-week moving average at the end of 2022. This is a top reason for the 1Q snapback, but the global economic ebbing tide still looks unfavorable\u201d.<\/p>\n<h3>Bitcoin and Equity Markets<\/h3>\n<p>Today\u2019s drag down of the Bitcoin value comes with a correction on the highest three Wall Street indices on Thursday. Bitcoin\u2019s strongly correlated index Nasdaq Composite (INDEXNASDAQ: .IXIC) tanked by 1.78% ending at 11,855.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>In order to tame the stick inflation, Fed officers are proposing bigger charge hikes within the upcoming FOMC conferences. This is probably going to draw away the curiosity from danger belongings like Bitcoin.<\/p>\n<p>In a be aware earlier this week, Goldman Sachs defined that \u201cthe fight against high inflation is still ongoing and there still remains more work for the Fed that has to be done\u201d. It expects the expansion shares to face grater challenges going forward.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA139273\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Bhushan is a FinTech fanatic and holds  aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in the direction of the brand new rising Blockchain Technology and Cryptocurrency markets. He is repeatedly in a studying course of and retains himself motivated by sharing his acquired data. In free time he reads thriller fictions novels and typically discover his culinary abilities.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD139273\">\n<p>  The offered content material might embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any accountability to your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/hawkish-fed-rhetoric-pulls-down-bitcoin-price-btc-by-4-does-the-party-end-sooner\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Earlier this week on Wednesday, February 15, the world\u2019s largest cryptocurrency Bitcoin (BTC) jumped more than 12% inching nearer to $25,000. This sparked a serious euphoria within the crypto area that BTC might be heading to an additional rally this 12 months. However, the macro indicators are flashing warnings and the hawkish fed rhetoric [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[20,313,31,899,2221,110,3325,439,1454],"class_list":["post-17942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-breaks","tag-btc","tag-fed","tag-hawkish","tag-price","tag-puts","tag-rally","tag-stands","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/17942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=17942"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/17942\/revisions"}],"predecessor-version":[{"id":17943,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/17942\/revisions\/17943"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/17834"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=17942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=17942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-j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