How has Bitcoin performed during the past year of Fed interest rate hikes?

On March 22, 2023, exactly one year after the Fed's interest rate hike, the Fed is about to announce its latest monetary policy. Given that the impact of bank failures caused by the interest rate hike has not been fully resolved, the market is beginning to lean towards a shift in Fed policy and a return to easing. Of course, at present, a rate cut is a low probability event.

除了美股和大宗商品，美联储的货币政策对比特币的影响有目共睹。BlockBeats compiled the Bitcoin price changes corresponding to the interest rate decisions over the past year for investors' reference.

On March 17, 2022, the Federal Reserve raised interest rates by 25 basis points. Bitcoin fell 1.12% within one hour, but then quickly regained stability and returned to the $40,000 mark.

On May 5th, 2022, the Federal Reserve raised interest rates by 50 basis points. Within one hour, Bitcoin rose against the trend by 1.54%. However, within less than a day, Bitcoin began to plummet in a straight line on an hourly basis, dropping over 6%.

On June 16, 2022, the Federal Reserve continued to raise interest rates by 50 basis points. Bitcoin, against the trend, rose by 2.1% within an hour and the upward trend continued until noon. However, Bitcoin finally began to accelerate its downward trend and fell below the $20,000 mark.

On July 28, 2022, the Federal Reserve raised interest rates by 75 basis points for the first time. Surprisingly, this significant rate hike stimulated Bitcoin, which rose by 4.42% within one hour and subsequently experienced a small rally, reaching a peak of over $25,200.

On September 22, 2022, the Federal Reserve continued to raise interest rates by 75 basis points. Although Bitcoin only fell by 0.55% within one hour, it experienced a situation of up and down needles (with a volatility of over 5% within one hour). Subsequently, Bitcoin plummeted in a straight line, falling to a low of $18,400.

On November 3, 2022, the Federal Reserve raised interest rates for the third time by 75 basis points. Bitcoin seems to be replicating the September market, with only a 0.09% drop in one hour and a slight decline after a wide oscillation.

On December 15, 2022, the Federal Reserve raised interest rates by 50 basis points. The combined effect of year-end factors and the interest rate hike caused Bitcoin to fall by 2.31%, and it continued to decline thereafter.

On February 2, 2023, the Federal Reserve raised interest rates by 25 basis points. Bitcoin rose 1.35% within one hour, possibly due to the slower pace of interest rate hikes and the gradually improving market sentiment since the beginning of the year.

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