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Bitcoin drops after every Fed rate hike followi...

Reported by Pluang
Nov 6, 2026· 2 min read
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Key Takeaways
  • • Bitcoin has historically fallen in the 30 days following every Federal Reserve rate hike that came after a one-meeting pause since 2016, with a median decline of 2.4%, according to the primary source.
  • • The market prices a 67% chance of an eighth Fed rate hike on December 9, 2026.
  • • Bitcoin is down 11.3% over the past 30 days, and spot Bitcoin ETFs have lost $1.2 billion since early October.
  • • Bitcoin was priced at Rp1.362.880.889 on Pluang as of Nov 06, 2026, down 2.66% on the day, with 64% of order activity on the sell side.
Summary
Bitcoin has historically declined in the 30 days after each Federal Reserve rate hike that followed a one-meeting pause since 2016, with a median drop of 2.4%, according to the primary source. The article notes that the market currently assigns a 67% probability to an eighth rate hike on December 9, 2026. It cites a comparable 2018 cycle in which Bitcoin fell 42% between the midterm elections and the December hike.

Bitcoin is currently down 11.3% over the past 30 days, and spot Bitcoin ETFs have lost $1.2 billion since early October. The article argues this pattern could bring continued price pressure if the Fed raises rates again in December.

On Pluang, the Indonesian trading platform, Bitcoin was quoted at Rp1.362.880.889 as of Nov 06, 2026 at 22:21 WIB, with a 1-day decline of 2.66%, a market capitalization of Rp27.496,29 trillion and 24-hour trading volume of Rp882,24 trillion. Pluang users were predominantly sellers, with 64% of order activity on the sell side and a typical holding period of 113 days.

Related coverage on the same date reports that Bitcoin futures open interest fell 1.88% to $52.04 billion as the price dropped nearly 5% to around $75,783, with traders reducing exposure on Binance and CME. Separately, Bitcoin fell about 5.9% to around $75,620, a seven-week low, as the Nasdaq dropped 5.5% and U.S. market value lost $2.5 trillion, largely driven by losses in AI-related stocks.

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Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Pluang Bitcoin drops after every Fed rate hike followi...