Market participants entered October 27 focused on the Federal Reserve’s policy discussions and its upcoming interest-rate decision. Bitcoin traded around $80,000 after a volatile week, while the Fed’s Open Market Committee was scheduled to meet on October 27 and 28. However, the official meeting calendar did not represent the announcement of a final decision. Bitcoin’s reaction could depend on the gap between expectations and the decision, as well as the dollar, bond yields, ETF flows and traders’ use of leverage.
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