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Federal Reserve Keeps the Rates Unchanges: Will Bitcoin Keep Crashing?

The Federal Reserve left its policy rate unchanged at 3.50%–3.75% (vote 8–4), in line with expectations and in what may be Fed Chair Powell’s last FOMC meeting. Markets reacted swiftly: Bitcoin fell from a recent high near $79,500 to below $75,000 after the announcement, continuing a pattern of BTC underperformance in the days after FOMC meetings. The drop pushed large liquidations — over $500 million on the day, roughly $200 million in the last hour — and most altcoins also declined. Analysts warned that historical post-FOMC weakness could repeat, making near-term downside risk for BTC more likely despite the rates-hold decision.

Category

Bitcoin

Sentiment

Bearish

Event

Price movement

Reading time

1 min