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Crypto & Bitcoin

Bitcoin Hovers Near $81,000 as Fed Holds Rates in Split Vote

Reported by Alexander Zdravkov, ETHNews

Image: ETHNews

Bitcoin climbed toward $81,000 in early trading following the Fed announcement, while Ethereum, Solana and XRP also advanced. The FOMC held rates at 3.75%–4.00%, but two officials wanted another quarter-point increase. Bitcoin derivatives positioning and a roughly $11 billion options expiry add another source of volatility this week. Bitcoin moved closer to $81,000 after the Federal Reserve left interest rates unchanged on October 28, with major cryptocurrencies advancing even as two policymakers called for another increase in U.S. borrowing costs. Bitcoin reached $80,941.21 in the latest CoinMarketCap snapshot , up from $80,752.16 in an earlier reading following the announcement.

This is an excerpt. The reporting belongs to ETHNews.

Read the full report on ethnews.com
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