The Federal Reserve has raised its target rate 12 times since March 2022: eleven times through July 2023 and once more in September 2026. This ranks each hike by how far bitcoin moved in the seven days after the decision.
Data as of · every FOMC rate increase, Mar 16, 2022 to Sep 16, 2026 · bitcoin daily closes (UTC) through Oct 16, 2026
Illustration: the twelve Fed rate hikes since 2022, ranked by bitcoin’s 7-day move after each, from ▼ −27.11% to ▼ −0.37%.
Bitcoin’s Moves in the Weeks After Fed Rate Hikes, data as of 2026-10-17
Bitcoin on the day = close on the FOMC statement day ÷ close the day before, minus 1. Next 7 / 30 days = close 7 / 30 calendar days after the decision-day close ÷ the decision-day close, minus 1 (UTC daily closes).1 Each 7-day figure is within 0.8 percentage points of the same calculation on Blockchain.com’s daily average price, and each 30-day figure within 0.2 points.10 The Sep 16, 2026 hike’s 30-day window ends Oct 16, 2026. Ranked by the size of the 7-day move, rises and falls together. Hike = change in the top of the federal funds target range, in basis points. Observed facts, not a forecast.
The top 8
Of the twelve hikes, bitcoin was higher seven days later after 4 and lower after 8; thirty days later it was higher after 3 and lower after 9.1 The three largest 7-day moves were all falls, in May, June and November 2022. The windows overlap other events, including later Fed meetings, and the table does not show that any hike caused a move. For bitcoin’s one-day moves on every decision day, see bitcoin’s biggest moves on Fed decision days.
#1
May 4, 2022 +50 bp, 3/4–1%
▼ −27.1% in 7 days
The FOMC raised the target range by 50 basis points (bp; 1 bp = 0.01 percentage point) to 3/4–1% and said it “anticipates that ongoing increases in the target range will be appropriate.” It also decided to begin reducing its holdings of Treasury and mortgage securities on June 1.2 Bitcoin closed the decision day at $39,698. Seven days later it closed at $28,936, down 27.1%; thirty days later, at $29,704, down 25.2%.1 It is the largest 7-day move of the twelve hikes.
#2
Nov 2, 2022 +75 bp, 3-3/4–4%
▼ −21.2% in 7 days
A 75 bp increase to 3-3/4–4%, the fourth in a row of that size. The statement said ongoing increases would be appropriate “in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time,” and that the pace of future increases would take into account the cumulative tightening and the lags with which policy affects the economy.3 Bitcoin closed the decision day at $20,160. Seven days later it closed at $15,881, down 21.2%; thirty days later, at $17,089, down 15.2%.1
#3
Jun 15, 2022 +75 bp, 1-1/2–1-3/4%
▼ −11.5% in 7 days
A 75 bp increase to 1-1/2–1-3/4%, larger than the 50 bp of the previous meeting. The Committee said it was “strongly committed to returning inflation to its 2 percent objective.”4 Bitcoin closed the decision day at $22,573. Seven days later it closed at $19,987, down 11.5%; thirty days later, at $20,836, down 7.7%.1
#4
Sep 16, 2026 +25 bp, 3-3/4–4%
▲ +10.8% in 7 days
The first hike in more than three years, approved 12–0: a 25 bp increase to 3-3/4–4%. The statement said inflation “remains elevated” and that “today’s policy action will support a timelier return to the Committee’s 2 percent goal.”5 Bitcoin closed the decision day at $76,150. Seven days later it closed at $84,383, up 10.8%; thirty days later, at $81,501, up 7.0%.1 This window runs through Oct 16, 2026, the latest complete day in the data.
#5
Dec 14, 2022 +50 bp, 4-1/4–4-1/2%
▼ −5.6% in 7 days
A 50 bp increase to 4-1/4–4-1/2%, a step down from four 75 bp hikes. The statement still anticipated “ongoing increases” in the target range.6 Bitcoin closed the decision day at $17,816. Seven days later it closed at $16,818, down 5.6%; thirty days later, at $19,910, up 11.8%.1
#6
May 3, 2023 +25 bp, 5–5-1/4%
▼ −4.8% in 7 days
A 25 bp increase to 5–5-1/4%. The statement dropped the earlier language about “ongoing increases” and said the Committee would “closely monitor incoming information” and judge “the extent to which additional policy firming may be appropriate.”7 Bitcoin closed the decision day at $29,006. Seven days later it closed at $27,622, down 4.8%; thirty days later, at $27,250, down 6.1%.1
#7
Sep 21, 2022 +75 bp, 3–3-1/4%
▲ +4.7% in 7 days
A 75 bp increase to 3–3-1/4%, the third in a row of that size. The statement repeated that it anticipated ongoing increases in the target range.8 Bitcoin closed the decision day at $18,547. Seven days later it closed at $19,427, up 4.7%; thirty days later, at $19,172, up 3.4%.1
#8
Mar 16, 2022 +25 bp, 1/4–1/2%
▲ +4.3% in 7 days
The first hike of the cycle: 25 bp, from a range of 0–1/4% to 1/4–1/2%. The statement said the invasion of Ukraine was “causing tremendous human and economic hardship” and anticipated that “ongoing increases in the target range will be appropriate.”9 Bitcoin closed the decision day at $41,144. Seven days later it closed at $42,893, up 4.3%; thirty days later, at $40,553, down 1.4%.1