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

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

Bitcoin (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 price holds $19K ahead of Fed decision

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

BTC/USD vs. DXY…

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