Bitcoin fell six times after seven FOMCs…"Beware of volatility this week, too"

Uk Jin

Summary

Bitcoin fell six times after seven FOMC meetings held this year.
According to the analyst, the only case in which Bitcoin rose after an FOMC was the 15% gain following the May FOMC.
He said to be cautious of the possibility of an adjustment due to 'catalyst exhaustion' at this week's scheduled FOMC meeting.

The United States Federal Open Market Committee (FOMC) is being watched as a factor that could determine whether the leading cryptocurrency Bitcoin (BTC) can rise.

On the 9th (KST), crypto analyst Ali Martinez said on X (formerly Twitter) that "after analyzing Bitcoin's movements following seven FOMC meetings held this year, it fell in six of them, with only one exception."

According to the data he shared, the only instance this year in which Bitcoin rose after an FOMC was the 15% gain following the FOMC held on May 7. The largest declines were in January (-29%), October (-19%), and March (-12%), respectively.

Based on these statistics, the analyst explained, "One should be cautious of the possibility of an adjustment due to 'catalyst exhaustion' at this week's scheduled FOMC meeting," adding, "The market may pre-price expectations around the FOMC and then a retracement could occur."

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