Indodax: FOMC Results Influence Crypto Market Movements
Jakarta (ANTARA) - Indodax Vice President Antony Kusuma stated that the current movements in the crypto market are influenced by the outcomes of the Federal Open Market Committee (FOMC) meeting, which is shaping new investor expectations regarding monetary policy.
He explained that Bitcoin’s price experienced a decline to around $70,000 following the FOMC meeting results, which indicated signals of monetary policy that remains inclined towards tightness.
Previously, he continued in his statement in Jakarta on Saturday, Bitcoin had strengthened approaching $76,000 on Tuesday (17/03), driven by institutional fund inflows into spot Bitcoin ETFs amounting to $199.37 million for the seventh consecutive session, while the total inflows over seven days reached $1.16 billion.
“This shows that investor interest remains strong despite market volatility; however, after the FOMC meeting, investors made adjustments that affected price movements, reflected in a correction of around 7-8 percent,” he said.
“The market has also captured signals that inflation has not decreased as quickly as expected, thus limiting liquidity to risk assets like crypto. However, this is part of the market’s adjustment to evolving global economic dynamics,” Antony stated.
In its latest decision, the Fed maintained interest rates in the range of 3.50-3.75 percent and raised the 2026 inflation projection to around 2.7 percent.
Fed Chair Jerome Powell conveyed that interest rate cuts will heavily depend on inflation developments, amid uncertainties due to conflicts in the Middle East and rising energy prices.
Bitcoin’s current movement is in the range of $70,000, with the $70,000-$72,000 area serving as an important support level monitored by investors.
As long as this level holds, price movements have the potential to remain stable in the short term, supported by institutional fund inflows that help absorb selling pressure.
“However, if the price breaks through this support level, price adjustments could continue to lower levels,” he said.
In line with these dynamics, he emphasised the company’s commitment to continue providing a safe, transparent, and easily accessible crypto asset trading ecosystem for all members.
The company is also actively promoting literacy and education for the public through INDODAX Academy, so that users understand investment risks and the importance of independent research (DYOR).
Additionally, the implementation of strategies such as Dollar Cost Averaging (DCA) is one approach that can help investors face market volatility more disciplinedly.