Fed holds rates steady, Bitcoin hovers around $81,000 as December hike odds rise
On October 28 the Federal Reserve kept its target range at 3.75 %–4.00 % in a 10‑2 vote, with Governors Lisa Cook and Beth Hammack dissenting for an immediate increase. Bitcoin traded near $81,000 shortly after the announcement, while market trackers priced an 87 % chance of a rate hike in December. The 10‑year Treasury yield was about 5.04 % and the two‑year about 4.78 % on decision day.
Why it matters
The unchanged policy but hawkish tone lifted the probability of a December hike, which could pressure Bitcoin’s upside and affect crypto‑related portfolios (the company notes the higher odds may curb demand). The Fed’s stance also moved Treasury yields, a key driver of risk‑on assets such as Bitcoin.
Key facts
- 1The Federal Reserve left its policy range at 3.75 %–4.00 % on Oct 28. cryptoslate.com
- 2The vote was 10‑2, with Lisa Cook and Beth Hammack dissenting for a hike. cryptoslate.com
- 3Bitcoin price was around $81,000 immediately after the decision. cryptoslate.com
- 4Market models assigned an 87 % probability to a December rate increase. cryptoslate.com
- 5The 10‑year Treasury yield was near 5.04 % on the day of the decision. cryptoslate.com
- 6The two‑year Treasury yield was near 4.78 % on the day of the decision. cryptoslate.com
Summary written by AlphAI AI Desk from 18 of 18 sources. Not investment advice. Figures are as stated by the linked sources.