In Bitcoin news today, the Federal Reserve held the federal funds rate at 3.5%–3.75% on Wednesday in what was almost certainly Jerome Powell’s final meeting as chair, with an 8-4 FOMC vote revealing a committee more fractured than the headline hold implies.
Bitcoin traded near $76,000 by late Wednesday in New York, down from $77,000 earlier in the session, extending a roughly 40% drawdown from October 2025’s all-time high near $126,000.
The analytical question is no longer whether the pause delays the bull case by a quarter. It is whether the three simultaneous tailwinds that were supposed to power the $250,000 bitcoin price prediction, monetary easing, crypto regulation clarity, and AI-sector momentum, have stalled long enough to render the thesis structurally inoperative for this cycle.
JUST IN: THE FED LEFT INTEREST RATES UNCHANGED AT 3.50% TO 3.75%, BUT THE VOTE WAS THE MOST DIVIDED FOMC DECISION SINCE OCTOBER 1992 🇺🇸
The vote: 8-4 in favor of holding rates.
The dissents went in opposite directions:
– Miran dissented in favor of a 0.25% rate cut
– Hammack,… pic.twitter.com/shAPgoNFUf— WOLF (@WOLF_Financial) April 29, 2026
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Bitcoin News Today: The Fed Pause, Inflation Arithmetic, and the Liquidity Transmission Channel
The mechanism transmitting the FOMC decision into Bitcoin’s price trajectory operates as follows: a rate hold in an environment of sticky inflation compresses risk appetite by sustaining real opportunity cost across dollar-denominated assets, withdrawing the incremental liquidity that speculative positions in high-beta assets require to attract marginal capital.
The 2022 episode established the empirical template, a 65% collapse in Bitcoin’s price unfolded in direct correspondence with the Federal Reserve’s most aggressive tightening cycle in four decades, as duration-sensitive risk assets repriced simultaneously.
Wednesday’s hold was not tightening, but it was not the easing the $250,000 thesis priced in. The committee cited “developments in the Middle East” as a material source of uncertainty, coded language for an oil supply shock that is doing exactly what oil supply shocks do to central bank optionality.
Source: Tradingview
Brent crude has been pinned above $110 a barrel for most of April, with the Strait of Hormuz – through which roughly 20% of seaborne oil flows, continuing to disrupt shipping. The US national average gas price reached $4.22 a gallon this week, up 6.2% in a month.
Jerry Tempelman, a former senior analyst at the New York Fed and now vice president of economic and fixed-income research at Mutual of America Capital Management, characterized the disruption as something that “could result in prolonged pricing stress that trickles through the market,” concluding that a 2026 cut looks unlikely absent a severe energy or labor-market shock.
CME FedWatch data corroborates that judgment, with traders pricing rates on hold through December. The FOMC dissent structure is informative but not yet decisive: Governor Stephen Miran pushed for an immediate cut while three others dissented against easing language, producing a vote that signals genuine disagreement rather than a committee moving coherently in either direction. That ambiguity is itself a headwind – markets price certainty, not internal debate.
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Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel leverages his background in on-chain analytics to author evidence-based reports and deep-dive guides. He holds certifications from The Blockchain Council, and is dedicated to providing “information gain” that cuts through market hype to find real-world blockchain utility.
