Analysis: The Fed meeting on interest rates has little effect on the price and trading volume of Bitcoin

CoinMetrics, an encryption data analysis and research organization, recently studied the price impact and trading activities of the first 16 meetings of the Federal Open Market Committee (FOMC). Even considering the delayed response of BTC prices due to market inefficiency, the price response is mild compared to traditional assets. A similar situation can be found by observing the volume of transactions at the end of the Federal Reserve's interest rate (FOMC) meeting. With a few exceptions, there is no broad evidence that market participants have adjusted their BTC positions in the face of new macroeconomic information.