Fed’s divided rate decision threatens Bitcoin’s comeback as December hike looms
Summary
The Federal Reserve held rates at 3.75%–4% in a 10-2 vote, but two officials favored a hike and markets assigned an 83%–88% chance of one in December. Bitcoin briefly fell to $80,500 before recovering above $81,000. Analysts identify $80,000 as near-term support, with lower levels around $78,000 and $75,800 at risk if yields rise and ETF outflows continue. A softer inflation and jobs outlook, easing yields, and renewed ETF inflows could help Bitcoin move above $85,000 toward $90,000 or higher. On-chain data points to subdued selling and accumulating activity, while spot Bitcoin ETFs recorded $487.2 million in net outflows from Oct. 22–27. Upcoming economic data and revised Fed projections are key near-term catalysts.
