Bitcoin price dives pre-FOMC amid warning .6K low was not the bottom

Bitcoin price dives pre-FOMC amid warning $17.6K low was not the bottom

Bitcoin (BTC) dropped to weekly lows at the Aug. 17 Wall Street open as upcoming Federal Reserve comments unsettled risk assets.

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

Dollar climbs as Fed minutes due

Data from Cointelegraph Markets Pro and TradingView tracked a more than 2% daily decline on BTC/USD, which hit $23,325 on Bitstamp.

Already showing signs of weakness, the pair slid further as United States equities began trading, hours before the Federal Open Markets Committee…


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