Can Bitcoin (BTC) Crash To $13K After The Fed Rate Hike?

[franch]

Bitcoin (BTC) slumped further on Wednesday ahead of a widely anticipated interest rate hike by the Federal Reserve later in the day.
BTC is trading at $21,200- down 4% in the past 24 hours. The world’s largest cryptocurrency has plummeted 30% since last week after a higher-than-expected U.S. inflation reading.
Focus now turns to how the token could react to a Fed rate hike later in the day. BTC had tumbled when the Fed raised rates in early-May, and likely faces a similar capitulation this time.
Technical indicators show BTC is primed to sink as low as $13,000 if this downtrend continues. Broader uncertainty over the crypto industry is also causing weakness in the token.
BTC capitulated over 8% after the Fed raised rates on May 4. It then went on to slump another 28% to as low as $28,000 in the next week, as a crypto rout intensified.
Last time, the Fed raised rates by 50 basis points (bps). Now, given the heated inflation figures, traders are positioning for a 75 bps hike by the central bank, according to data from CME Group. It would be the Fed’s sharpest hike in recent history.

Source: https://coingape.com/can-bitcoin-btc-crash-to-13k-after-the-fed-rate-hike/

[NotATether]

Well, it makes me glad I paid all my crypto bills in advance last March.

I have a few disposable cards with a few dozen dollars in them that can be used to replenish my credits at will, but it's quite hard to do so since the prepaid cards sometimes (erroneously) fail fraud checks and I don't want to risk any of my important services during the bear market.

I also have about $35 in USDT-TRC20 that's for some reason stuck in Guarda Wallet. I'm not sure what's wrong with that, seems to be a UI problem as I have plenty of dust TRX for the purpose of selling that off.

So I won't have to worry abut my bills until at least late July or so

[Iadegbola34]

Bitcoin was created to be deflationary, so any increase in the inflation rate of fiat should naturally make people adopt Bitcoin more. If it's not happening according to the design of bitcoin we might as well believe the Feds news didn't have an effect on bitcoin whatsoever.

[goaldigger]

Bitcoin was created to be deflationary, so any increase in the inflation rate of fiat should naturally make people adopt Bitcoin more. If it's not happening according to the design of bitcoin we might as well believe the Feds news didn't have an effect on bitcoin whatsoever.

This is the belief before where Bitcoin can be the safe heaven during the economic crisis but it looks like its not because the price trend follows the trend of the stock market and that issues with the inflation rate is something that needs to be address as well. There’s a possibility for a more cheaper price with Bitcoin, better to be ready with your cash and buy if you see this opportunity. The market is very unstable right now, let’s all hope for the best and see if Bitcoin can recover this year.

[btc_angela]

Bitcoin was created to be deflationary, so any increase in the inflation rate of fiat should naturally make people adopt Bitcoin more. If it's not happening according to the design of bitcoin we might as well believe the Feds news didn't have an effect on bitcoin whatsoever.

This is the belief before where Bitcoin can be the safe heaven during the economic crisis but it looks like its not because the price trend follows the trend of the stock market and that issues with the inflation rate is something that needs to be address as well. There’s a possibility for a more cheaper price with Bitcoin, better to be ready with your cash and buy if you see this opportunity. The market is very unstable right now, let’s all hope for the best and see if Bitcoin can recover this year.

Yeah, everyone reacts to FED rate hike news, cryptos, stocks, oils, everyone is shaken up. But the thing with crypto is that we can bounce back even if it crash to $13k.

And $13k is a big possibility, I mean we hit $17k already and then a recovery to $20k-$21k. The market though is very sensitive at the moment, any negative news will put selling pressure so it's better to brace ourselves the possibility that we haven't seen the bottom yet.

[buwaytress]

The 0.75 hike was painful, but fully expected. Markets priced that in well ahead of the official announcement, which does help explain the recovery since. A lower rate would have bumped us all up, a higher one probably would jave lost us another 10%.

Only problem now is what the next hike will be. Still can't quite tell what the market is expecting, and what it will then price in but half a point seems the consensus for July.

Once more... Meet expectations and we will be okay for now. But yeah anything else could resurface in the weeks until then. So fragile right now...

[dragonvslinux]

Despite all the bearish sentiment around risk-based markets at the moment, I still don't see a drop to $12K to $14K in the near future. Already today we see the S&P again rebounding from oversold conditions along with Bitcoin finding buyers below $20K all the while Gold is failing to hold it's 50 Week MA, indicating that it may well turn bearish if it falls much lower.

I think if BTC is to drop much lower it would be later in the year, towards the end of it, only after a rebound to $30K, even $40K to $50K. It might also only happen if this bearish sentiment continues, or we see a black swan capitulation even like in March 2020. Otherwise, Bitcoin may just remain bearish until the end of the year while otherwise trading sideways between $20K and $30K.

[hugeblack]

I think that the price forecast for the next six months is linked to internal and external factors, and external factors affect the interest rate, and expectations of economic stagnation to a large extent, but we may not see it have an impact after next August.

As for the interior, it is difficult to predict because the market is open to all options, but it is definitely between 10k and 50k, in other words, it is difficult to break the previous peaks or the sharp decline in the price.

In short, the next two months may settle the debate about whether we will go to the 50k or will we remain below 30k.

[mk4]

Bitcoin was created to be deflationary, so any increase in the inflation rate of fiat should naturally make people adopt Bitcoin more. If it's not happening according to the design of bitcoin we might as well believe the Feds news didn't have an effect on bitcoin whatsoever.

This is a very common misconception.

Bitcoin is going to suck today as an inflation hedge due to it being priced in as a volatile "risk" asset. Once it matures more in the future, then sure probably an inflation hedge in the future. But today? (or at least this year) Hell no. And not because it performed badly in an inflation-filled market today, doesn't mean it will perform the same in the far future.

[edgycorner]

There is no doubt that BTC is susceptible to interest rate hikes by the Federal Reserve, but I think that the article is overestimating its dependency. It presents a very bleak picture.
That article does not provide enough information about why the author believes that Bitcoin will react negatively to a Federal Reserve interest rate hike either. Correlation isn't causation .-.

[OgNasty]

Bitcoin's price can do anything.  That includes a crash to $13K after the fed rate hike, or a crash to $0 tomorrow morning for some random black swan event.  It could also go to $500,000 in the next hour.  The trick is to be prepared for any of these events and be able to handle if things go the complete opposite way of your expectations.  As long as you aren't playing with leverage and you're a long term thinker, it shouldn't matter if you buy BTC here and it does go to $13K.  Just because someone offers you a price for something you have, doesn't mean you have to take it.  Wait for better offers to come along and enjoy holding the asset you wanted. 

[adaseb]

This crash to $17K had nothing to do with the fed rate hike. We knew last year they would be hiking and why we topped at $69K.

The reason why we crashed was because of Luna failing which led to Celcius failing which led to 3AC failing and causing massive liquidations everywhere. This had nothing to do with the fed.

If the numbers are stable and going down then we might bottom but if we still see rising inflation then stocks will keep going down along with crypto.

[bbc.reporter]

@adaseb. It was everthing, I reckon. The hiking of interest rates, Luna's failure, Celsius insolvency and the liquidation of 3 Arrows Capital. It is also being speculated that Su Zhu and Kyle Davies have also borrowed bitcoins from different cryptolenders by using fake documents and through lying. Everything was mentioned in this podcast.

https://open.spotify.com/episode/1zYvjE0IjXFnwh7ASfOMpV?si=sfK-CaPkSluGPYU2OidMPw&nd=1

[buwaytress]

@adaseb yeah I don't think it was the hike alone, but neither was it Luna (in fact I think that scenario is less likely as a main factor, was a convenient scapegoat for sure). I mean, the timing of the hike, the immediate stock market reaction leading up to it (pricing it in) and then the rally as expectations were met, that correlated just so closely with BTC price.

It's just a convergence of macro factors, and like it or not, investors see Bitcoin (right now) as the same risk-on assets as stocks.

[Poker Player]

Bitcoin was created to be deflationary, so any increase in the inflation rate of fiat should naturally make people adopt Bitcoin more. If it's not happening according to the design of bitcoin we might as well believe the Feds news didn't have an effect on bitcoin whatsoever.

This is a very common misconception.

Bitcoin is going to suck today as an inflation hedge due to it being priced in as a volatile "risk" asset. Once it matures more in the future, then sure probably an inflation hedge in the future. But today? (or at least this year) Hell no. And not because it performed badly in an inflation-filled market today, doesn't mean it will perform the same in the far future.

I see that you are only partly right. To think that a rate hike should lead people to automatically buy Bitcoin as Iadegbola34 says is a mistake, I agree, but Bitcoin has proven to be the best inflation hedge since it was created. Even with the recent downturn, Bitcoin has hedged better against inflation than gold or the stock market, for example, as those have also gone down. Another thing is that it is volatile, since the definition of inflation hedge makes no mention of volatility:

What Is an Inflation Hedge?

An inflation hedge is an investment that is considered to protect the decreased purchasing power of a currency that results from the loss of its value due to rising prices either macro-economically or due to inflation. It typically involves investing in an asset that is expected to maintain or increase its value over a specified period of time.

The point is that in the medium and long term, Bitcoin has so far proven to be the best inflation hedge since its inception.

[dragonvslinux]

This crash to $17K had nothing to do with the fed rate hike. We knew last year they would be hiking and why we topped at $69K.

The reason why we crashed was because of Luna failing which led to Celcius failing which led to 3AC failing and causing massive liquidations everywhere. This had nothing to do with the fed.

If the numbers are stable and going down then we might bottom but if we still see rising inflation then stocks will keep going down along with crypto.

Well said, though I do see the domino affect here. People anticipating a rate hike creates a small correction, the small correction leads to liquidations, liquidations leads to insolvencies & collapses, etc. The irony being that a lot of selling (if not most) since $40K down to $20K was caused by Luna (LFG), Celsius and 3AC, rather than long-term holders. At least what triggered the aggressive sell-off.

Although price dropped 75% from ATH, this does seem similar to May 2021 when price dropped in half due to how over-leveraged the market was to the upside (like CEL/3AC). Despite market conditions being more favourable back then, price did double in value within the space of a few months after just a couple of months of consolidation. The question is whether BTC prices can hold $20K for a couple of months I think.

[gikere]

So, from what you guys said, Fed hike did affect crypto and BTC but not enough to cause it to crash to $17k alone. It means the next Fed rate hike will not be as devastating as the one before. Still, the market has some weak links that I fear would add oil to this: NFTs, TRX/USDD, Sol,...

[jaberwock]

@adaseb yeah I don't think it was the hike alone, but neither was it Luna (in fact I think that scenario is less likely as a main factor, was a convenient scapegoat for sure). I mean, the timing of the hike, the immediate stock market reaction leading up to it (pricing it in) and then the rally as expectations were met, that correlated just so closely with BTC price.

It's just a convergence of macro factors, and like it or not, investors see Bitcoin (right now) as the same risk-on assets as stocks.

That is definitely a not, how could we like it lol. I mean bitcoin was created to be a decentralized currency that is not attached to any government at all, and then the stocks of the American companies somehow manage to be the similar situation as that. How could we end up with something that is like that? How could we feel fine with something like that at all?

I feel like there is a good case to be made that this is opposite of what bitcoin should have done and that is why I am feeling about the current situation as the worst it could get. In the long run we are not going to really face anything that is terrible for the long shot, but it will definitely not be good feeling neither.

[mk4]

I see that you are only partly right. To think that a rate hike should lead people to automatically buy Bitcoin as Iadegbola34 says is a mistake, I agree, but Bitcoin has proven to be the best inflation hedge since it was created. Even with the recent downturn, Bitcoin has hedged better against inflation than gold or the stock market, for example, as those have also gone down. Another thing is that it is volatile, since the definition of inflation hedge makes no mention of volatility:

What Is an Inflation Hedge?

An inflation hedge is an investment that is considered to protect the decreased purchasing power of a currency that results from the loss of its value due to rising prices either macro-economically or due to inflation. It typically involves investing in an asset that is expected to maintain or increase its value over a specified period of time.

The point is that in the medium and long term, Bitcoin has so far proven to be the best inflation hedge since its inception.

I'm quite unsure of that. Yes, maybe you can make that conclusion because on the long-term bitcoin has over-performed. But stocks like Amazon and Apple over-performed the market as well, does it make both assets an inflation hedge as well? I don't think so.

[Beparanf]

So, from what you guys said, Fed hike did affect crypto and BTC but not enough to cause it to crash to $17k alone. It means the next Fed rate hike will not be as devastating as the one before. Still, the market has some weak links that I fear would add oil to this: NFTs, TRX/USDD, Sol,...

Exactly, A single bad new can’t crash the Bitcoin down but the chain effect of the news is what more dangerous. I don't think we need to wait for the next Fed hike for Bitcoin to crash much since there is a lot of crypto business is already crumbling due to the current bear market. I think this downtrend will continue and bad news will pile up since many crypto company especially defi will now gonna exit scam while there still a value in the market.

This crash is inevitable but it is essential to build a new organic uptrend movement. We just need to brace ourselves on wha is coming in the following weeks or months.

[DanWalker]

Bitcoin was created to be deflationary, so any increase in the inflation rate of fiat should naturally make people adopt Bitcoin more. If it's not happening according to the design of bitcoin we might as well believe the Feds news didn't have an effect on bitcoin whatsoever.

With what is going on, we can see bitcoin is still not out of the game. Bitcoin is one of the asset classes that is rated as a risk asset so I believe it will be greatly affected by the Fed, every time interest rates increase, assets like bitcoin and stocks move in the direction of the trending decrease rather than increase.
Bitcoin was created with a maximum supply as a hedge against inflation but that is not really possible right now because of the volatility and risk it brings.

[justdimin]

Bitcoin was created to be deflationary, so any increase in the inflation rate of fiat should naturally make people adopt Bitcoin more. If it's not happening according to the design of bitcoin we might as well believe the Feds news didn't have an effect on bitcoin whatsoever.

With what is going on, we can see bitcoin is still not out of the game. Bitcoin is one of the asset classes that is rated as a risk asset so I believe it will be greatly affected by the Fed, every time interest rates increase, assets like bitcoin and stocks move in the direction of the trending decrease rather than increase.
Bitcoin was created with a maximum supply as a hedge against inflation but that is not really possible right now because of the volatility and risk it brings.

I know that FED deal will hurt us more than most other things, and we are volatile so that means in a world where stocks go down 10-20% because of something (like fed interest rate) that will result with us going down maybe 50% and that is what we are living right now.

But, we need to remember that while the drop could be harsher, the increase will be steeper as well. This will result with us going 2x instead of 10-20% higher as well when things reverse. This is why we should be focusing a bit more towards making more money, and buying as much as we can from these prices so that we could profit even more when the time comes and that will be awesome.

[bbc.reporter]

I see that you are only partly right. To think that a rate hike should lead people to automatically buy Bitcoin as Iadegbola34 says is a mistake, I agree, but Bitcoin has proven to be the best inflation hedge since it was created. Even with the recent downturn, Bitcoin has hedged better against inflation than gold or the stock market, for example, as those have also gone down. Another thing is that it is volatile, since the definition of inflation hedge makes no mention of volatility:

What Is an Inflation Hedge?

An inflation hedge is an investment that is considered to protect the decreased purchasing power of a currency that results from the loss of its value due to rising prices either macro-economically or due to inflation. It typically involves investing in an asset that is expected to maintain or increase its value over a specified period of time.

The point is that in the medium and long term, Bitcoin has so far proven to be the best inflation hedge since its inception.

I'm quite unsure of that. Yes, maybe you can make that conclusion because on the long-term bitcoin has over-performed. But stocks like Amazon and Apple over-performed the market as well, does it make both assets an inflation hedge as well? I don't think so.

It is certainly beginning to appear like inflation hedge is only being used as a storyline or a marketing tool by many bitcoiners to market bitcoin. I am sorry if this is insulting to much of you, however, it is not my purpose.

In any case, @adaseb, more bad news about another victim of Su Zhu and 3 Arrows Capital. This time it is Genesis Trading, owned by DCG which is also owned by Barry Silbert.



Cryptocurrency market maker and lending firm Genesis Trading is facing potential losses into the “hundreds of millions,” according to three people familiar with the matter.
The losses at Genesis relate in part to exposure to over-leveraged hedge fund Three Arrows Capital and Hong Kong-based crypto lender Babel Finance and are on the order of “a few hundred million dollars,” one of the people said.

The losses come as the collapse of Three Arrows Capital sends shockwaves across the crypto lending industry, with numerous firms facing substantial losses from their exposure to the fund.

Source https://www.coindesk.com/business/2022/06/29/genesis-faces-hundreds-of-millions-in-losses-as-3ac-exposure-swamps-crypto-lenders-sources/

[Lubang Bawah]

After the price of bitcoin from $ 30k to $ 20k in a week then anything can happen, in my opinion the opportunity to drop to $ 13k is very large, especially now that many haters continue to spread FUDS so that it makes many investors panic, if the price of $ 13k occurs then I suggest to buy.

[leea-1334]

It is certainly beginning to appear like inflation hedge is only being used as a storyline or a marketing tool by many bitcoiners to market bitcoin. I am sorry if this is insulting to much of you, however, it is not my purpose.

In any case, @adaseb, more bad news about another victim of Su Zhu and 3 Arrows Capital. This time it is Genesis Trading, owned by DCG which is also owned by Barry Silbert.

Bitcoin is inflation resistant this I always agreed,,, but yes, I think a lot of people in Bitcoin are misusing terms here and there. Then again,,, a lot of terms that are suited for stocks and bets have been applied to Bitcoin and I think we can say that these terms evolve. I see a lot of terms like Dead Cat Bounce that actually do not even apply to Bitcoin (but still people use it).

You hedge a bet by placing it on something that is opposite to what the bet is supposed to do, so maybe some people bought Bitcoin as an inflation hedge and it totally worked (you can use it in many countries in Asia and America and it would definitely work!).

But use it in business and loans and short term debt like these MicroStrategy and 3 Arrows people my god,,, terrible idea. Did someone forget to tell these guys Bitcoin is volatile?

[Baofeng]

Bitcoin was created to be deflationary, so any increase in the inflation rate of fiat should naturally make people adopt Bitcoin more. If it's not happening according to the design of bitcoin we might as well believe the Feds news didn't have an effect on bitcoin whatsoever.

With what is going on, we can see bitcoin is still not out of the game. Bitcoin is one of the asset classes that is rated as a risk asset so I believe it will be greatly affected by the Fed, every time interest rates increase, assets like bitcoin and stocks move in the direction of the trending decrease rather than increase.
Bitcoin was created with a maximum supply as a hedge against inflation but that is not really possible right now because of the volatility and risk it brings.

Even stocks will be affected by any news of a Fed rate hike not just crypto. It's that the crypto market is so volatile that it will react more pronounce as this is not regulated, there could be sellers, manipulators who are trying to take advantage of the news and then speculators and investors filling up their bags.

So it's just a matter of time what numbers we will fall if there is a new fed rate hike. But always remember that bitcoin can bounce back from all of this and we are far from being out of the game.

[bbc.reporter]

It is certainly beginning to appear like inflation hedge is only being used as a storyline or a marketing tool by many bitcoiners to market bitcoin. I am sorry if this is insulting to much of you, however, it is not my purpose.

In any case, @adaseb, more bad news about another victim of Su Zhu and 3 Arrows Capital. This time it is Genesis Trading, owned by DCG which is also owned by Barry Silbert.

Bitcoin is inflation resistant this I always agreed,,, but yes, I think a lot of people in Bitcoin are misusing terms here and there. Then again,,, a lot of terms that are suited for stocks and bets have been applied to Bitcoin and I think we can say that these terms evolve. I see a lot of terms like Dead Cat Bounce that actually do not even apply to Bitcoin (but still people use it).

You hedge a bet by placing it on something that is opposite to what the bet is supposed to do, so maybe some people bought Bitcoin as an inflation hedge and it totally worked (you can use it in many countries in Asia and America and it would definitely work!).

But use it in business and loans and short term debt like these MicroStrategy and 3 Arrows people my god,,, terrible idea. Did someone forget to tell these guys Bitcoin is volatile?

Yes, however, as a buyer of bitcoin on November I saw the value of my inflation hedge go down more than 50% with also 8% less value of the currency valuing the inflation hedge. This circle jerk must end and we must use objective thinking.

In any case, there is nothing wrong in using bitcoin as collateral as long as the loans are overcollaterized. Blockfi, Voyager, Genesis and Celsius used customer deposits for undercollaterized loans to 3 Arrows Capital.

[xSkylarx]

I believe it's possible to hit that price if we are going to look at the ATH last 2017 where it is $20k then dumped at $3k in 2018. It made 85% correction that time and if history repeats itself, it's likely to reach $13k from its previous high $69k. I also see that price to be the bottom of this market correction. There is a lot of crisis going on now on the global market so I expect that we will dump more from here until the end of the year.

[$crypto$]

After the price of bitcoin from $ 30k to $ 20k in a week then anything can happen, in my opinion the opportunity to drop to $ 13k is very large, especially now that many haters continue to spread FUDS so that it makes many investors panic, if the price of $ 13k occurs then I suggest to buy.

There are those who think that the price fell at $13k as resistance but I'm not sure that my benchmark is $16k/17k as the lowest but any outcome can change when all markets are down, therefore buying bitcoin is the right time now or under it.

Since the decline of course panic from investors there must be some of them selling and switching to safer assets but if we can survive in the current situation we can make more purchases and after the economy has started to recover we will know better growth.

[leea-1334]

But use it in business and loans and short term debt like these MicroStrategy and 3 Arrows people my god,,, terrible idea. Did someone forget to tell these guys Bitcoin is volatile?

Yes, however, as a buyer of bitcoin on November I saw the value of my inflation hedge go down more than 50% with also 8% less value of the currency valuing the inflation hedge. This circle jerk must end and we must use objective thinking.

In any case, there is nothing wrong in using bitcoin as collateral as long as the loans are overcollaterized. Blockfi, Voyager, Genesis and Celsius used customer deposits for undercollaterized loans to 3 Arrows Capital.

Yes,,, sorry for you and whoever bought in November, I mean I bought too, but same amount all the time, November, March, June, all the same to me, just different amounts of BTC, but to put your business on the line and gamble with balance sheet is irresponsible and reckless.

I knew these guys all took risks but the way they did it, they are acting like casino gamblers, seriously! And nothing wrong with casinos but the way they did it is with coats and borrowed money.

[GeorgeJohn]

Bitcoin was created to be deflationary, so any increase in the inflation rate of fiat should naturally make people adopt Bitcoin more. If it's not happening according to the design of bitcoin we might as well believe the Feds news didn't have an effect on bitcoin whatsoever.

This is the belief before where Bitcoin can be the safe heaven during the economic crisis but it looks like its not because the price trend follows the trend of the stock market and that issues with the inflation rate is something that needs to be address as well. There’s a possibility for a more cheaper price with Bitcoin, better to be ready with your cash and buy if you see this opportunity. The market is very unstable right now, let’s all hope for the best and see if Bitcoin can recover this year.

Bitcoin can be recovered when we do not expected it, because right now I'm not expecting or having it in plan that it can accelerate anytime soon this year. I believe that bitcoin still long duration for this remaining months of 2022 to be shown positive symptoms of recovering.

When observing the level of it's market movement this period, and it seems that cryptocurrency is moving downwards any moment. But observing what is happening here i think cryptocurrency will be generally increase directly in year 2025 but it's a just assumptions and it's not merely authentic.

[Findingnemo]

After the price of bitcoin from $ 30k to $ 20k in a week then anything can happen, in my opinion the opportunity to drop to $ 13k is very large, especially now that many haters continue to spread FUDS so that it makes many investors panic, if the price of $ 13k occurs then I suggest to buy.

There are those who think that the price fell at $13k as resistance but I'm not sure that my benchmark is $16k/17k as the lowest but any outcome can change when all markets are down, therefore buying bitcoin is the right time now or under it.

Since the decline of course panic from investors there must be some of them selling and switching to safer assets but if we can survive in the current situation we can make more purchases and after the economy has started to recover we will know better growth.

But in crypto anything is possible, don't you remember the price went to $3K from its previous all time high which is also unexpected so just be ready for anything and you/we are lucky if price gets too low since the next will be the bull market so price will rise again for sure in few months or atleast in the next 3 years so you will be happy about selling that time because at that time the current price may look like a dust.

[kensaii]

After the price of bitcoin from $ 30k to $ 20k in a week then anything can happen, in my opinion the opportunity to drop to $ 13k is very large, especially now that many haters continue to spread FUDS so that it makes many investors panic, if the price of $ 13k occurs then I suggest to buy.

There are those who think that the price fell at $13k as resistance but I'm not sure that my benchmark is $16k/17k as the lowest but any outcome can change when all markets are down, therefore buying bitcoin is the right time now or under it.

Since the decline of course panic from investors there must be some of them selling and switching to safer assets but if we can survive in the current situation we can make more purchases and after the economy has started to recover we will know better growth.

But in crypto anything is possible, don't you remember the price went to $3K from its previous all time high which is also unexpected so just be ready for anything and you/we are lucky if price gets too low since the next will be the bull market so price will rise again for sure in few months or atleast in the next 3 years so you will be happy about selling that time because at that time the current price may look like a dust.

Yeah, I remember how long Bitcoin stays at 3k-4k price so I know that everything is possible in the crypto. Cause crypto is based on market outlooks and trust from investors, holders, buyers,... IF all of those people are affected somehow, they also will reflect their choice to the market. If Fed turns the stock market into chaos, then crypto will be the same, $13K after the Fed rate hike is possible.

[Mpamaegbu]

Focus now turns to how the token could react to a Fed rate hike later in the day.

Bitcoin is a coin, not a token.

[FlamingFingers]

There is nothing that is impossible, no one ever thought that bitcoin would crash to 17k, imagine when everyone was calling for $100k  per bitcoin in 2021 when bitcoin was around $65+and someone tells you that bitcoin would crash to $17k in 2022, you would be like what is such person smoking to be thinking about such price, there has been calls for sub 17k but a lot of people thought that that's the bottom which is not, let's see how it plays out before August

[leea-1334]

I knew these guys all took risks but the way they did it, they are acting like casino gamblers, seriously! And nothing wrong with casinos but the way they did it is with coats and borrowed money.

Exactly, And now they are the reason why crypto market is now plummeting since there loan already liquidated and there collateral Bitcoin will be forced to sell in the market to become fiat to the lender. I know that this crypto project is just confident enough on Bitcoin price while they don’t have safety precautions on scenario like this which price dump down below the price which most institutional traders buy price.

Well, yes, they are one of the main reasons,,, but I always believe in the power of retail/mainstream traders. Yes these big guys lost billions and billions and make the news and scare everyone but I think the majority of market volume on exchanges are still speculators in the tens of thousands of people,,, the you and me people who all thought they could get rich quick.

And the shitcoins NFTs and memecoins and deficons. We cannot blame companies as 99% of investors were retail people.

[fullhdpixel]

After the price of bitcoin from $ 30k to $ 20k in a week then anything can happen, in my opinion the opportunity to drop to $ 13k is very large, especially now that many haters continue to spread FUDS so that it makes many investors panic, if the price of $ 13k occurs then I suggest to buy.

There are those who think that the price fell at $13k as resistance but I'm not sure that my benchmark is $16k/17k as the lowest but any outcome can change when all markets are down, therefore buying bitcoin is the right time now or under it.

Since the decline of course panic from investors there must be some of them selling and switching to safer assets but if we can survive in the current situation we can make more purchases and after the economy has started to recover we will know better growth.

For now you are right. 16k is so far the lowest but there might be a possibility that we can drop below than it. It's true than an outcome can change when we are down, because usually when the price is down or we are in a bear, it will then be followed by a recovery or a rise in the price which is also called a bull.

Indeed that buying now is the best thing that we can do if ever we haven't bought anything yet and we can choose to not all in but we can left out some funds in case a more dump is being recorded. I only don't think that more purchases can come once the bull is already starting. I think noobs will only do that but a true pro investor only buys at low.

[yhiaali3]

The US Federal Reserve’s decision to raise interest rates had a clear impact on the crypto markets especially Bitcoin, but then Bitcoin absorbed the shock and made a slight bounce, we are now almost stable for a while at the 19-20k$ price. But it is not excluded that the decline will continue below 14k$ or maybe even lower, in any case, this is not a big problem, but rather a good opportunity for investors to increase their bitcoin portfolios at low prices, waiting for the bullish market that I expect to come soon, perhaps before the end of this year.