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MAVRICK13
What moves Bitcoin on Fed day?
Across 132 Fed decisions with BTC data, the size of the rate change had almost zero correlation with Bitcoin’s move. Among the biggest policy surprises, BTC fell in 12 of 18 meetings that were more hawkish than expected and rose in 10 of 15 that were more dovish. It’s a small sample, but the pattern is worth watching.
Data from the San Francisco Fed and Coin Metrics.
#FedHikesBTCResilience $BTC
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