The market sold off ahead of the FOMC meeting, hitting a 7-week low on the decision-making day.
2026-08-07 18:44:42
According to CoinMeta, as reported by Glassnode, there was a selling pressure in the market before the FOMC meeting last week, and on the decision-making day, the market reached a seven-week low, with increasing panic among investors. Four trading days later, the market saw new highs. The decision to maintain interest rates unchanged seems to be a risk appetite signal that the market has been waiting for for a long time.
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Source:X
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