The Federal Reserve held its target interest rate between 3.75% and 4.00% on October 28, saying the economy was expanding at a strong pace while inflation remained elevated. Lisa Cook and Beth Hammack voted in favor of a 25-basis-point increase, making an immediate easing less likely. For Bitcoin, higher rates increase the opportunity cost of holding a non-yielding asset, although the long-term scarcity argument remains separate from this short-term trading calculation. Investors should watch inflation, employment, Treasury yields and ETF demand, as the pause guarantees neither a future rate hike nor an imminent cut.
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