Bitfinex: Bitcoin averages 0.9% gain on FOMC day, 0.6% drop afterward
- —Bitcoin averaged a 0.9% rise on FOMC announcement days
- —The following five days averaged a 0.6% decline
- —Findings are based on historical BTC behavior around FOMC meetings
Why it matters: The pattern gives traders a historical baseline for positioning around Fed decisions: gains on the day, followed by a pullback.
Source: Coinfomania