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BTC price rejects at $23K as US dollar declines from fresh 20-year highs

Published 06/16/2022, 10:38 AM
Updated 06/16/2022, 12:40 PM
BTC price rejects at $23K as US dollar declines from fresh 20-year highs

Bitcoin (BTC) ran out of steam near $23,000 on June 16 after the biggest United States key rate hike in nearly thirty years.

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

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching highs of $22,957 on Bitstamp after the Federal Reserve confirmed a 0.75% hike in June — its largest since 1994.

U.S. dollar index (DXY) 1-day candle chart. Source: TradingView
USD/JPY 1-month candle chart. Source: TradingView

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