But a $903M whale buy absorbs the pressure

Bitcoin rebounded to around $81,000 following the Fed's decision to hold interest rates steady, supported by semiconductor sector strength and inflows into spot ETFs. Trading data showed BTC up 0.96% on Upbit and 0.40% on Binance. The Fed kept rates at 3.75%–4.00%, with tech stocks like Alphabet and Microsoft influencing market sentiment. Derivatives markets saw increased volume but limited leverage expansion.

Bitcoin may face challenges as the Fed held rates at 3.75%-4% but signaled continued inflation concerns, according to analysts. Fed Chair Warsh emphasized the need to reduce inflation. Analysts note that Bitcoin must compete with a near 4% risk-free rate. Traders expect a 78.4% chance of a rate hike in December. Bitcoin's next move may depend on Treasury yields, the dollar, and broader sentiment, with key data and earnings reports upcoming.

Bitcoin faces pressure after the Federal Reserve held interest rates steady at 3.75%-4% and signaled continued inflation concerns. Analysts note that Treasury yields, the US dollar, and upcoming inflation data could influence Bitcoin's next move. Traders price in a 78.4% chance of a December rate hike, according to CME FedWatch.

Bitcoin rose to $81,000 after the Fed held interest rates steady, easing tightening fears. The Fed noted persistent inflation but left future decisions data-dependent. Bitcoin and major altcoins saw modest gains. Bitwise raised its 10-year Bitcoin price target to $1.6M, citing expanded market expectations. Fed's stance and upcoming data remain key for crypto market direction.

BlackRock purchased $151.46 million of bitcoin on Oct. 28, as the cryptocurrency regained the $81,000 level. The inflow, part of $175.99 million in total spot bitcoin ETF inflows, signals renewed institutional demand. Bitcoin's price has since stabilized above $81,000, but momentum remains weak.

Switzerland's FINMA approved its first retail Bitcoin ETF under Swiss law. The fund, classified as high-risk, exempts from diversification rules due to Bitcoin's liquidity. FINMA requires supervised institutions to manage custody and operational risks. This follows a 2021 approval for a crypto-basket fund for qualified investors.