Bitcoin was trading around $80,900 on Wednesday, October 28, up roughly 1.5% over 24 hours ahead of the Federal Reserve decision scheduled for 7 p.m. Paris time. Prediction markets and futures assign between 90% and 93% odds of rates being held between 3.75% and 4%, while Kevin Warsh’s comments on December will be decisive. Galaxy Research says the bear market ended in June, when Bitcoin fell below $58,000, and views a daily close above $82,500 as confirmation of a recovery. Conversely, Glassnode reported that whales on the Hyperliquid platform have turned net sellers, while about $11 billion in Bitcoin options expire on Friday on Deribit, with max pain near $78,000.
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