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**FOMC Is the Culprit Behind Bitcoin's Continuous Decline**

The Federal Open Market Committee (FOMC), or the meeting held by the Federal Reserve (The Fed) to determine economic policy direction, usually related to interest rate decisions.

Currently, the FOMC, which is usually closely linked to the crypto market, has become a nightmare for these assets. For example, in October last year, The Fed held interest rates steady, causing Bitcoin to drop from US$113 thousand to US$109 thousand on Wednesday (29/10), according to Trading View data.

Then, in December 2025, Fed Chair Jerome Powell announced a rate cut to 3.50-3.75%, and Bitcoin plummeted from US$94 thousand to US$91 thousand on Wednesday (10/12).

Afterward, in January this year, The Fed maintained interest rates at 3.50-3.75%, which caused Bitcoin to fall to US$89 thousand on Wednesday (28/01). This continued decline even briefly touched the US$59 thousand price level.

Most recently, The Fed held its meeting again and kept the central bank's interest rate unchanged. As a result, Bitcoin's price dropped from US$74 thousand to US$70 thousand on Wednesday (18/03).

Thus, in this cycle, the FOMC has not been able to push Bitcoin prices higher, even though their announcement was seemingly positive. This indicates that the Bitcoin market structure is no longer dependent on The Fed's policy direction.

This is reinforced by Wintermute analyst statements, who said that the FOMC now acts as a barrier to Bitcoin's rally, making outflows from exchange-traded funds (ETF) inevitable. However, it should be noted that the FOMC is one of the factors contributing to the decline.

_Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR)._

-# Image source: ATFX