The Federal Reserve held its target range between 3.75% and 4% on October 28 in a 10-2 vote. Lisa Cook and Beth Hammack sought an immediate 25-basis-point increase, while markets priced an 87% chance of another rate hike in December. Bitcoin fell to $80,500 before recovering above $81,000, close to the estimated $81,500 aggregate cost basis of US spot Bitcoin ETFs. Softer inflation, easing yields and renewed ETF inflows could push it toward $90,000, while a break below $78,000-$79,000 would expose it to $75,800.
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