Bitcoin slips below $80,000 after Fed holds rates with hawkish tone
The gist
Bitcoin fell to $79,882, erasing most weekly gains after the Fed held rates at 3.75%-4.00%.
Traders now weigh a 79.6% odds of a December tightening against tight range conditions.
How it unfolded
- Oct 23, 2026Bitcoin trades at $81,715, down 0.39% over 24 hours, and closes below its 50-day simple moving average for the first time since August after another rejection near $85,000.
- Oct 26, 2026Bitcoin trades around $80,145, roughly 38.8% above its July low of $57,718 and down about 4.1% since the start of October.
- Oct 27, 2026Bitcoin climbs back above $80,500 ahead of the Fed's October 28 decision; its two-week range on daily closes is 5.0%, the tightest since mid-August.