{"id":96634,"date":"2026-04-29T23:54:05","date_gmt":"2026-04-29T20:54:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96634"},"modified":"2026-04-29T23:55:12","modified_gmt":"2026-04-29T20:55:12","slug":"bitcoin-falls-to-around-75000-following-feds-rate-decision","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-falls-to-around-75000-following-feds-rate-decision\/","title":{"rendered":"Bitcoin Falls to Around $75,000 Following Fed&#8217;s Rate Decision"},"content":{"rendered":"<p>Digital gold and numerous other crypto assets depreciated on the evening of April 29 following the Federal Reserve&#8217;s decision to maintain the interest rate at its current level.<\/p>\n<p><!--more--><\/p>\n<p>The Federal Open Market Committee (FOMC) <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20260429a.htm\">voted<\/a> eight to four in favor of keeping the rate within the 3.5\u20133.75% range.<\/p>\n<p>The regulator pointed to persistent inflationary pressures due to rising global energy prices and warned that the situation in the Middle East creates a &#8220;high level of uncertainty&#8221; for forecasts.<\/p>\n<p>Bitcoin fell from approximately $76,200 to around $75,000 in the first hour following the decision&#8217;s publication, before rebounding to $75,760.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-9978c92901851d7e-3097197571521068-scaled.webp\" alt=\"BTCUSDT_2026-04-29_23-30-50_de5e0\" class=\"wp-image-279255\"\/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Ethereum, Solana, and XRP continued their earlier declines from the same day.<\/p>\n<h2 class=\"wp-block-heading\">Not the Main Factor<\/h2>\n<p>The rate hold was almost entirely priced in: the <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">CME FedWatch<\/a> tool had shown nearly a 100% probability of a pause the day before. Several analysts believe that the Fed&#8217;s decision is not currently the primary driver of digital gold&#8217;s price.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The most important catalyst for Bitcoin right now is not the FOMC, but the CLARITY Act,&#8221; <a href=\"https:\/\/www.theblock.co\/post\/399465\/bitcoin-slips-75000-fed-holds-rates-dissenters-chill-warsh-pivot-party?utm_source=telegram1&#038;utm_medium=social\">stated<\/a> Theo&#8217;s Chief Investment Officer, Iggy Ioppe, in a conversation with The Block.<\/p>\n<\/blockquote>\n<p>According to him, the bill makes Bitcoin&#8217;s infrastructure more bank-friendly. It formally establishes the first cryptocurrency&#8217;s status as a commodity under CFTC jurisdiction, eliminating the risk of excessive SEC intervention and allows banks to hold the asset without excessive capital requirements.<\/p>\n<p>The bill is advancing through Congress, but contentious provisions\u2014particularly those concerning <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a> and ethical issues\u2014are hindering its passage.<\/p>\n<p>The analyst also highlighted the upcoming earnings reports from the &#8220;Magnificent Seven&#8221; companies\u2014Alphabet, Amazon, Meta, and Microsoft\u2014as a short-term factor for risk assets, including Bitcoin.<\/p>\n<p>Back in April, Tudor Investment founder Paul Tudor Jones <a href=\"https:\/\/forklog.com\/en\/news\/paul-tudor-jones-declares-bitcoin-the-best-hedge-against-inflation\">called<\/a> the first cryptocurrency the best tool for inflation protection.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digital gold and numerous other crypto assets depreciated on the evening of April 29 following the Fed&#8217;s decision to maintain the interest rate at its current level.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Digital gold and other crypto assets fell after the Fed's rate decision.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1249,1224],"class_list":["post-96634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-federal-reserve-system","tag-macroeconomics"],"aioseo_notices":[],"amp_enabled":true,"views":"53","promo_type":"1","layout_type":"1","short_excerpt":"Digital gold and other crypto assets fell after the Fed's rate decision.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=96634"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96634\/revisions"}],"predecessor-version":[{"id":96635,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96634\/revisions\/96635"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=96634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=96634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=96634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}