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Bitcoin sentiment plunges as Fed hikes rates, dropping Bull Index from 80 to 30 in a week

Market News
17 Sep 2026
Crypto Briefing
View Source
Bearish
Bitcoin sentiment plunges as Fed hikes rates, dropping Bull Index from 80 to 30 in a week

Bitcoin's key sentiment gauge, CryptoQuant's Bull Score Index, fell sharply from 80 to 30 after the Federal Reserve raised interest rates by 25 basis points to 3.75%-4.00%, marking the first hike since 2023. This shift signals a move from bullish to bearish sentiment amid concerns over tighter monetary policy. Bitcoin's price dropped about 4% to around $76,000, with further rate hikes expected, potentially pushing the target range to 4.25%. For a sustained bullish trend, the Bull Score Index must rise above 60 and Bitcoin's price must exceed $83,000, both currently unlikely given market conditions.

Despite the Fed's rate hike and bearish sentiment indicated by the Bull Score Index drop, Bitcoin on Pluang shows resilience with a price of Rp1.361.900.667 as of Sep 18, 2026 00:02 WIB. The platform records a positive 1-day change of 1.68%, contrasting the article's note of a 4% price drop. Pluang users currently favor buying, with 70% of order activity leaning towards purchases, reflecting ongoing interest in Bitcoin.

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