"FOMC Hex" Redux as Crypto Market Sees Hour-Long Accelerated Selloff

BlockBeats News, January 29th, Starting this morning, the crypto market saw continued bearishness led by Bitcoin. As of the time of writing, Bitcoin dropped below $88,000, with a nearly 1.51% decrease in less than 1 hour, showing an accelerated downward trend.

Last night, the Federal Reserve FOMC meeting was held, and the statement indicated that the US unemployment rate has shown some signs of stabilization, while inflation remains slightly high.

Looking back at the data from 2025, in the 8 FOMC meetings last year, Bitcoin experienced a significant pullback after 7 meetings, with only one brief uptick. After the December meeting, Bitcoin dropped by 9%. The analysis mostly attributes this trend to factors such as uncertainty in rate cut expectations or the positive impact of rate cuts. Following the first meeting of 2026, it seems that the "FOMC Curse" is repeating itself.