{"id":425909,"date":"2026-04-30T05:22:57","date_gmt":"2026-04-29T23:52:57","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-drops-under-75k-after-fed-decides-to-hold-rates-will-bulls-buy-crypto-news-2\/"},"modified":"2026-04-30T07:09:13","modified_gmt":"2026-04-30T01:39:13","slug":"bitcoin-drops-under-75k-after-fed-decides-to-hold-rates-will-bulls-buy-crypto-news-2","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-drops-under-75k-after-fed-decides-to-hold-rates-will-bulls-buy-crypto-news-2\/","title":{"rendered":"Bitcoin Drops Under $75K After Fed Decides To Hold Rates: Will Bulls Buy? – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

Bitcoin (BTC) extended its two-day decline on Wednesday after the Federal Open Market Committee (FOMC) minutes confirmed the Fed\u2019s decision to hold \u201cthe target range for the federal funds rate at 3-\u00bd to 3-\u00be percent.\u201d\u00a0<\/p>\n

While the Fed maintains its goal of achieving \u201cmaximum employment and inflation at the rate of 2 percent over the longer run,\u201d the FOMC minutes cited the \u201cdevelopments in the Middle East\u201d as factors fueling an environment of \u201cuncertainty\u201d and the Fed stressed its desire to maintain optionality as it evaluates the \u201crisks to both sides of its dual mandate.\u201d\u00a0<\/p>\n

<\/figure>\n

FOMC minutes with new statements in red. Source: CNBC<\/em><\/p>\n

The Fed\u2019s hold on rates aligned with market expectations, but Bitcoin remained fragile throughout Chairman Powell\u2019s presser. <\/p>\n

Hyblock CEO Shubh Varma described the price action as \u201cthe usual sell the news reaction after the FOMC,\u201d but also noted that BTC \u201cquickly recovered to pre-announcement levels within hours, showing strong underlying conviction.\u201d\u00a0<\/p>\n

Adding data to back his market view, Varma said,\u00a0<\/p>\n

\u201cThe global bid ask ratio spiked to 0.3 (one of the highest readings), while open interest fell on the price drop. This is classic post-FOMC position squaring and stop-hunt behavior rather than conviction selling.\u201d<\/p><\/blockquote>\n

\"\"<\/figure>\n

BTC\/USDT global bid ask ratio. Source: Hyblock<\/em><\/p>\n

Will support turn back into resistance?<\/h2>\n

After the FOMC minutes were published, BTC dropped to an intra-day low of $74,937, slightly below the 20-day simple moving average ($75,664) that some traders identified as critical to confirming BTC\u2019s support-resistance flip.\u00a0<\/p>\n

As reported on Monday by Cointelegraph, following the break above the channel resistance<\/span><\/a> on the daily chart, BTC required consecutive daily candle closes above the trendline, followed by a lower support restest in the $76,500 to $75,500 range.\u00a0<\/p>\n

\"\"<\/figure>\n<\/p>\n

BTC\/USDT 1-day chart. Source: TradingView<\/em><\/p>\n

While all the above have happened, failure to recapture the 20-MA and close above the trendline resistance could be interpreted as a loss of momentum within the bull trend<\/span><\/a>, opening the path for Bitcoin to test the downside boundary of the near-4-month-old channel.\u00a0<\/p>\n

Related: <\/strong><\/em>Bitcoin falls as traders cut risk ahead of FOMC: Will Tradfi, spot ETF volumes bolster $70K support?<\/strong><\/em><\/span><\/a><\/p>\n

Prior to the Chairman Powell\u2019s presser, Glassnode analysts noticed that Bitcoin traders were adding bearish leverage, citing<\/span><\/a> rising open interest after Tuesday\u2019s rally to $79,000, funding remaining neutral and a divergence between the spot and futures market cumulative volume delta (CVD).\u00a0<\/p>\n

\"\"<\/figure>\n<\/p>\n

Bitcoin traders turn bearish ahead of FOMC minutes. Source: Glassnode \/ X<\/em><\/p>\n

Additional analysis from Glassnode\u2019s The Week Onchain report depicted<\/span><\/a> Bitcoin\u2019s price action as \u201ctrapped below market mean,” where $65,000 to $70,000 act as support, but weak demand prevents the formation of sustainable rallies.\u00a0<\/p>\n

According to the report, Bitcoin failed to overcome its True Market Mean at $79,000 and a surge in short-term holders’ profit taking, along with margin futures flipping net short, has sapped away Bitcoin\u2019s shorter-term bullish momentum.\u00a0<\/p>\n

\"\"<\/figure>\n<\/p>\n

BTC entity-adjusted short-term holder realized profit. Source: Glassnode<\/em><\/p>\n

While these factors increase Bitcoin\u2019s sensitivity to a sharper downside move, the analysts said institutional flows into the spot BTC ETFs and rising CME open interest have helped to build a \u201cdense accumulation cluster between $65K and $70K.\u201d\u00a0<\/p>\n

\"\"<\/figure>\n<\/p>\n

CME open interest, US spot ETF AUM position change. Source: Glassnode<\/em><\/p>\n<\/div>\n

This article is produced in accordance with Cointelegraph’s Editorial Policy<\/a> and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) extended its two-day decline on Wednesday after the Federal Open Market Committee (FOMC) minutes confirmed the Fed\u2019s decision to hold \u201cthe target range for the federal funds rate at 3-\u00bd to 3-\u00be percent.\u201d\u00a0 While the Fed maintains its goal of achieving \u201cmaximum employment and inflation at the rate of 2 percent over the […]<\/p>\n","protected":false},"author":2,"featured_media":425914,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-425909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/425909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=425909"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/425909\/revisions"}],"predecessor-version":[{"id":425917,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/425909\/revisions\/425917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/425914"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=425909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=425909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=425909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}