Bitcoin OGs dump over $100 million in BTC after hawkish Fed dents rate cut hopes
By Omkar Godbole
Published on March 19, 2026.
Bitcoin's largest early holders, known as original gangsters, have dumped over $100 million in the cryptocurrency after the Federal Reserve downplayed expectations for lower borrowing costs. At least two long-term holders together dumped over 1,650 BTC worth over $117.87 million early Thursday. The decline followed a hawkish Fed rate decision, which left the benchmark borrowing cost unchanged in the 3.5%–3.75% range but indicated a slower pace of rate cuts. The broader market also saw losses, with the CoinDesk 20 Index dropping 3% to 2,056 points. The Fed's interest‑rate "dot plot" indicates where the voting members expect interest rates to land in the months ahead.
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