Bitcoin rebounds after Thursday's steep selloff as markets weigh Fed decision
Bitcoin holds above $80,000 as traders expect the Fed to hold rates next week and Brent rises to $115 a barrel. Source: Market Talk.
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what happened
According to Market Talk, bitcoin rose 0.5% to $81,568, recovering after a selloff in tech and AI stocks. CoinShares analyst James Butterfill says the coin staying above $80,000 is a sign of optimism, but an unexpected Fed hike in October would be more disruptive than a well-signalled move in December.
Treasury yields edged higher. Markets price in 92% odds of a Fed hold next week, per CME, with a hike expected in December. Brent crude climbed 2% to $115 a barrel on Middle East escalation threats. The 10-year yield stands at 4.984% and the two-year at 4.682%.
why it matters
Expectations of a Fed pause alongside rising oil keep pressure on rates and commodities. For crypto, the key risk is an unexpected tightening, which hits risk assets hardest.
market impact
Bonds and risk assets: higher oil and Fed expectations push yields up and weigh on risk appetite
tags
instruments
sources
- Bitcoin Turns Higher After Thursday's Steep Selling — Market Talk, 23 October 2026 at 15:27 UTC
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