Bitcoin Slips After Fed Hold as Investors Turn to Upcoming US Data
Bitcoin fell after the Fed kept rates unchanged while two officials backed a hike, Market Talk reports. GDP and PCE inflation data are next.
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what happened
Bitcoin dropped 1.6% to $79,939, according to LSEG data cited by Market Talk. Zaye Capital Markets analyst Naeem Aslam ties the move to uncertainty over US monetary policy, weaker institutional demand and geopolitical tensions. The Federal Reserve left rates unchanged, yet two policymakers wanted an increase, which fed worries that financial conditions could stay tight for longer.
Thursday brings third-quarter GDP, PCE inflation and weekly jobless claims. Aslam argues that strong growth paired with elevated inflation could strengthen Treasury yields and push bitcoin toward the $79,000-$80,000 area. A softer inflation reading with steady growth could boost risk appetite and lift bitcoin toward $81,500-$82,000.
why it matters
The key link for markets is between rate expectations and yields. When bets on higher rates grow, Treasury yields rise and pressure the dollar and risk assets, including crypto. That makes Thursday's data a central test for the market's current reaction.
market impact
Bitcoin and risk assets: tighter Fed expectations weigh on prices; inflation data could shift the picture
- Bitcoin pressure down — expectations of tighter Fed policy reduce appetite for risk
- the dollar pressure up — the Fed has not ruled out a possible rate hike in December
tags
instruments
sources
- Bitcoin Falls in Wake of Fed Decision, U.S. Data Next Key Focus — Market Talk, 29 October 2026 at 09:27 UTC
- Bitcoin Falls in Wake of Fed Decision, U.S. Data Next Key Focus — Market Talk, 29 October 2026 at 09:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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