Bitcoin dropped within 48 hours of 8 out of 9 FOMC meetings. Cuts, holds, hawkish, dovish: didn't matter. That pattern holds today: Jerome Powell's last meeting as Fed Chair.

Bitcoin's price dropped within 48 hours of 8 out of 9 Federal Open Market Committee (FOMC) meetings, regardless of monetary policy decisions. The pattern persists ahead of Jerome Powell's final FOMC meeting as Federal Reserve Chair.