Bitcoin Trades Near $80,000 After Fed Holds Rates, Signals Possibility of Further Tightening

Bitcoin trades near $80,000 after Fed holds rates, signals possibility of further tightening

Bitcoin traded near $80,000 after the US Federal Reserve held interest rates at 3.75%-4%, while the possibility of further tightening weighed on sentiment. Bitcoin and Ethereum fell 1.51% and 1.99% over 24 hours, respectively. Analysts flagged resistance near $81,500-$82,000, citing weak technical indicators and subdued institutional demand.

Bitcoin Slides to $80,100 as Samsung and Alphabet Earnings Rattle Tech and Fed Holds With Two Hawkish Dissents - CryptoGazette

Bitcoin slipped to $80,100 as Samsung and Alphabet earnings disappointed and the Fed held rates with two hawkish dissents. AI tokens and memecoins led losses.

Bitcoin Price Risks $76K As Ethereum Faces Drop Toward $2,000

Bitcoin recovered above $80,000 after September's US PCE inflation report showed annual prices rising 3.6%. The rebound followed the Federal Reserve's decision to hold interest rates steady. Meanwhile, $342.38 million in crypto liquidations and growing Ethereum selling pressure kept investors focused on key support levels.

Bitcoin Rides Out Fed Hawks, 3.6% Inflation and AI Capex Fears

The Fed paused its tightening, but two policymakers voted for another hike. US inflation picked up in September while growth and hiring stayed strong. Investors punished heavy AI spending at Alphabet but rewarded Microsoft’s restraint. Fidelity data shows Bitcoin holders have moved back into meaningful profit. Bitcoin climbed back above $80,000 on Thursday after a [...]