Bitcoin Price Trades Above $81,500 as Fed Keeps Rates Steady in Split Vote
By Micah Zimmerman
AI summary of the source article
The Federal Reserve held its benchmark interest rate at 3.75% to 4% in a 10-2 vote. Following the announcement, Bitcoin traded around $81,000 amid restrained market volatility.
Why it matters
A rate-hike path works against an asset that has thrived on cheap money, and the market has spent months adjusting to the possibility that the easy-money era is over.
Key facts
- The Federal Reserve maintained the federal funds target range at 3.75% to 4% in a 10-2 vote.
- Bitcoin fluctuated between roughly $80,500 and $81,700 following the policy decision.
- Spot Bitcoin ETFs recorded net inflows of $110 million on October 26 and $176 million on October 27.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Bitcoin Price Trades Above $81,500 as Fed Keeps Rates Steady in Split Vote Bitcoin price held near $81,000 after the Federal Reserve kept rates at 3.75% to 4% in a 10-2 vote. This post Bitcoin Price Trades Above $81,500 as Fed Keeps Rates Steady in Split Vote first appeared on Bitcoin Magazine and is written by Micah Zimmerman .