How Shiba Inu reacted to the Federal Reserve Interest Rate Decision on 1 February 2023

Measured by Clometrix

Shiba Inu's volatility ratio was 5.03x, against 3.45x for a typical Fed Interest Rate release since 2021. Its volume ratio was 8.10x, against a typical 6.81x. That is a strong reaction by this release's own standard. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.

How Shiba Inu moved

Shiba Inu was at $0.000011 when the figure came out. Fifteen minutes later it was 0.96% higher, and an hour later 2.35% higher. Its high-to-low range in the hour after was 4.01% of its price, against 1.74% in the hour before.

The release

Released by the Federal Open Market Committee on 1 February 2023 at 2:00 PM EST. The Federal Open Market Committee raised its target range for the federal funds rate by 25 basis points, to 4.50–4.75%.

What made it matter

Since 2021, Fed decisions that changed the rate have moved Shiba Inu more than those that held it: a median volatility ratio of 4.49x across 18, against 2.60x across 26. This one changed the rate. Its own ratio of 5.03x compares with 4.49x for those, about what its circumstances would suggest.

Its record

Across 44 Fed Interest Rate releases since 2021, Shiba Inu's median volatility ratio is 3.45x.

How it compares

Across 44 Fed Interest Rate releases since 2021, Shiba Inu's usual price swing is 3.45x. This one was 1.46 times the usual.

MutedOrdinaryStrongExceptional

Thin line: Fed Interest Rate's usual, 3.45x. Thick line: this release, 5.03x.

Minute by minute

Each row is the time after the release, with the same length of time before it for comparison.

After	High	Low	Close	Change	Range	Range before	Volume
1 minute	0.00001169	0.00001139	0.00001154	0.52%	2.57%	0.52%	130.769B SHIB
5 minutes	0.00001169	0.00001139	0.00001154	0.52%	2.57%	0.52%	262.759B SHIB
10 minutes	0.00001169	0.00001139	0.00001161	1.12%	2.57%	0.87%	319.445B SHIB
15 minutes	0.00001169	0.00001139	0.00001159	0.95%	2.57%	0.96%	362.851B SHIB
30 minutes	0.00001169	0.00001139	0.00001154	0.52%	2.57%	0.96%	431.134B SHIB
1 hour	0.00001185	0.00001139	0.00001175	2.30%	3.88%	1.74%	971.12B SHIB
2 hours	0.00001195	0.00001139	0.00001189	3.45%	4.69%	2.08%	1.653T SHIB
4 hours	0.000012	0.00001139	0.00001189	3.45%	5.08%	2.84%	2.415T SHIB
6 hours	0.00001228	0.00001139	0.00001225	6.29%	7.25%	3.42%	3.48T SHIB
8 hours	0.000012	0.0000113	0.00001189	2.27%	5.83%	1.97%	3.644T SHIB
12 hours	0.00001228	0.00001139	0.00001202	4.49%	7.25%	3.42%	4.572T SHIB

Every coin at this release

Coin	Price swing	Usual for Fed Interest Rate	Reaction
Bitcoin	4.34x	4.24x	Ordinary
Ethereum	4.70x	4.08x	Ordinary
XRP	6.58x	3.61x	Strong
BNB	2.37x	3.05x	Ordinary
Solana	4.37x	3.11x	Strong
Dogecoin	4.03x	3.69x	Ordinary
TRON	4.40x	2.50x	Strong
Cardano	3.60x	3.31x	Ordinary
Chainlink	4.06x	3.50x	Ordinary
Bitcoin Cash	3.83x	3.19x	Ordinary
Hedera	4.06x	2.99x	Strong
Avalanche	3.69x	3.47x	Ordinary
Litecoin	3.40x	3.37x	Ordinary
Shiba Inu	5.03x	3.45x	Strong
Uniswap	4.54x	3.05x	Strong
Polkadot	5.73x	3.16x	Strong
Aave	2.77x	3.41x	Ordinary
NEAR Protocol	3.60x	3.33x	Ordinary
Aptos	4.19x	2.93x	Strong
Internet Computer	3.57x	3.24x	Ordinary
POL (prev. MATIC)	3.31x	2.93x	Ordinary
Filecoin	4.85x	4.03x	Ordinary

What is the Federal Reserve Interest Rate Decision?

The Federal Open Market Committee (FOMC) has eight regularly scheduled meetings each year, but they can meet more often if the need should arise. The meetings are not held in public and are therefore the subject of much speculation on Wall Street, as analysts attempt to predict whether the Fed will tighten or loosen the money supply with a resulting increase or decrease in interest rates.

Every Fed Interest Rate release for Shiba Inu

Questions about this page

Is 5.03x a lot?

For a Fed Interest Rate release it is strong: the usual is 3.45x. Each report has its own usual size, and its releases show it.

Will the next Fed Interest Rate do the same?

Nobody can say. A forecast shows the range Shiba Inu moved in after past Fed Interest Rate releases, so you can plan for the likely size of the move.

Why does Bitcoin move when US economic data comes out?

Bitcoin often shows larger price swings in the minutes after major US economic reports. Those reports change expectations about interest rates, inflation and economic growth. Clometrix measures the size of the resulting price swings, not their direction. Tier 1 reports such as CPI, Core CPI and Core Inflation have a median Bitcoin price swing of 4.29x since 2021.

Which US economic reports move crypto the most?

The reports with the largest median Bitcoin price swings since 2021 are CPI, Core CPI and Core Inflation at 4.29x, the Fed Interest Rate at 4.24x, and Non-Farm Payrolls together with Non-Farm Private Payrolls and the Unemployment Rate at 3.20x. These are Tier 1. Clometrix sets tiers from the median Bitcoin price swing since 2021. Tier 1 means at least 3 times an ordinary 15 minutes.

Does Ethereum react to US data the same way Bitcoin does?

Ethereum's median price swings since 2021 are close to Bitcoin's for most reports. For CPI, Core CPI and Core Inflation the median is 4.37x for Ethereum and 4.29x for Bitcoin. For the Fed Interest Rate it is 4.08x versus 4.24x.

What time does the Fed announce its interest rate decision?

The Federal Reserve announces its interest rate decision at 2:00 p.m. ET. Clometrix measures the 15 minutes from that statement. The median Bitcoin price swing for the Fed Interest Rate since 2021 is 4.24x across 47 releases. Clometrix shows each release in the reader's own time zone.

Does Clometrix measure the Fed chair's press conference?

No. Clometrix measures the 15 minutes from the 2:00 p.m. statement. It does not measure the press conference separately. The Fed Interest Rate has a median Bitcoin price swing of 4.24x since 2021.

Disclaimer

The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.