The Fed Holds Back Interest Rates, Bitcoin Tends to Hold

JAKARTA - The Federal Reserve (The Fed) again maintained its benchmark interest rate in the range of 3.50-3.75 percent in the July 2026 Federal Open Market Committee (FOMC) meeting. Bitcoin market response to the decision was relatively limited.

Bitcoin tends to hold up after the FOMC results are announced, reflecting that the Fed's decision has been in line with market expectations. However, market participants are still watching the development of economic data that will be a reference for the direction of the next monetary policy.

The price of Bitcoin on the Indodax Market is still around Rp1,150,000,000 to Rp1,172,000,000 since the Fed's announcement until this article was released.

The Fed's decision is the fifth in a row and has been in line with the expectations of the majority of market participants. However, the 9-to-3 split vote result shows that there are still differences of opinion within the US central bank regarding the direction of monetary policy going forward.

Responding to this, Chief Marketing Officer of INDODAX, Aloysia Dian, said that the current market not only pays attention to the decision on the interest rate that persists, but also pays attention to the overall message conveyed by the central bank, including the views of policymakers on the future economic outlook.

"For the market, the most important thing is not only whether the interest rate is raised or maintained, but also how much certainty is given on the direction of the next policy. When the FOMC results are in line with expectations, the room for volatility due to policy surprises tends to be reduced, so this shows that market sentiment is formed from a combination of various factors, not just one indicator alone," he said, Friday, July 31.

According to him, the Fed's interest rate policy has a wide influence on global financial markets because it affects liquidity, funding costs, and investors' preferences for risky assets, including cryptocurrencies. Therefore, any change in the direction of the United States' monetary policy generally also affects the movement of various asset classes, including the movement of Bitcoin.

"The Fed's decision is often one of the factors that affect market sentiment. However, market movements are not determined by one factor alone. Therefore, investors should remain disciplined in implementing their investment strategies and not be fixated on short-term price fluctuations, but remain disciplined in implementing investment strategies according to their goals and risk profiles," he added.

In facing a still dynamic market condition, investors can also consider a more regular investment approach, such as Dollar Cost Averaging (DCA), which is investing regularly at regular intervals with a fixed nominal. This strategy helps reduce the risk of making purchases at a certain price point (market timing) and can be one of the approaches in mitigating market volatility in the long term.

"Given the current market conditions, DCA can be one of the relevant strategies because it helps investors invest gradually in the midst of volatility. However, whatever the strategy chosen, investors still need to Do Your Own Research (DYOR) so that investment decisions are based on adequate understanding," he concluded.

As a licensed Indonesian crypto exchange, INDODAX continues to be committed to providing safe, transparent, and compliant services. In the midst of global market dynamics, INDODAX also continues to encourage the improvement of public literacy to understand investment risks, implement DYOR, and build a disciplined investment strategy according to each person's risk profile.