January 2026 FOMC Results: Fed Holds Interest Rates, Bitcoin Corrects Again

JAKARTA - The price of Bitcoin (BTC) today, Thursday, January 29, has again weakened below US$90,000 after the Federal Reserve (The Fed) released the January 2026 Federal Open Market Committee (FOMC) statement which decided to hold the benchmark interest rate in the range of 3.50-3.75 percent. The decision was in line with market participants' expectations, but still triggered a negative response on risky assets, including crypto.

Based on global market data, Bitcoin had risen above the US$90,000 level the day before on Wednesday, January 28, driven by US President Donald Trump's statement that he was not worried about the decline in the US dollar. At the same time, institutional fund flows also showed a more cautious attitude, reflected by the outflow of US$147.37 million in spot Bitcoin ETF products in the United States (US).

VP INDODAX, Antony Kusuma, assessed that this movement reflects the market's reaction to monetary policy that had previously been anticipated.

"The Fed's decision to hold interest rates has actually been reflected in market expectations. However, the policy is considered not to provide new impetus for the market," said Antony.

Antony also emphasized that short-term volatility after the announcement of monetary policy is a pattern that often occurs in the global crypto market.

"Events such as the FOMC often become evaluation moments for investors. The price movements that occur reflect the market's adjustment process to information that has been officially confirmed," he continued.

On the other hand, positive sentiment comes from the government and institutional adoption. The US state, South Dakota, has officially submitted a draft law (RUU) for the establishment of a Bitcoin Reserve (Bitcoin Reserve) derived from state government revenue. Through this rule, South Dakota has the potential to allocate up to 10% of the total funds managed by the state to Bitcoin as part of an asset reserve strategy.

Antony menilai langkah tersebut mencerminkan penguatan fundamental Bitcoin di luar pergerakan harga jangka pendek.

"In the midst of the current short-term correction, there are also positive developments that investors should pay attention to. The adoption of Bitcoin at the government and institutional level shows that the fundamentals of Bitcoin continue to grow, regardless of daily price dynamics," said Antony.

According to Antony, the volatility that occurs in the crypto market today is inseparable from geopolitical pressure and global monetary policy, so market participants tend to be more selective in making decisions. He also advised market participants to remain cautious and pay attention to the development of macroeconomic factors that affect market movements in the short term.

Antony added that in the midst of rapidly changing global macroeconomic dynamics, investors need to actively follow the development of information and understand the context of risk before making decisions.

"Investors need to maintain discipline and continue to update their insights. For example, by utilizing a gradual approach, such as Dollar Cost Averaging (DCA) or buying periodically to reduce the risk of sharp price fluctuations. To help investment strategies in the midst of current volatility, market participants can also utilize educational and news sources such as INDODAX Academy which provides regular discussions related to current market news and dynamics," concluded Antony.