Bitcoin extends decline below $42K ahead of fresh Fed comments on inflation

Bitcoin (BTC) fell further with stocks on the Wall Street open Feb. 17 as nervous markets awaited further U.S. economic policy cues and battled geopolitical tensions.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Macro conditions stay grim for stocks, crypto

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing the $42,000 mark for the first time in several days at the start of trading.

The Fed and tensions over Ukraine had already formed a backdrop to…


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