Bitcoin Dips to Two-Week Low After Tenth Consecutive Post-FOMC Drop
The tenth consecutive Federal Reserve decision has triggered another post-FOMC drop in Bitcoin's price. The cryptocurrency sold off to a two-week low of $62,400 on Friday, July 31, after a decline from its Wednesday print of $64,176.
This recurring pattern, where Bitcoin sells off in the day or two after a Fed rate decision, has become one of the most dependable event patterns in crypto. The size of this drop is notable, measuring at only 2.8% peak-to-trough, significantly shallower than the 3-7% range seen in previous instances.
Several factors contributed to the shallow depth of this drop. A $9.6 billion options expiry on Friday morning created a mechanical anchor that held prices near $64,000. Additionally, Bitcoin's price came into the decision trading roughly 50% below its October 2025 all-time high, resulting in less froth to unwind.
The market is now eyeing the reclaim level of $64,176 and the area where August's put interest is concentrated around $60,000. The calendar loads the next test with a rate hike priced at roughly 59-60% odds for the September meeting, following Friday's July jobs report on August 7.