Bitcoin Price Today: BTC Outperforms S&P 500 Above $80K as Fed Interest Rate Decision Looms

Bitcoin (BTC) climbed back above $80,500 on October 27, recovering from recent weakness as traders prepared for the Federal Reserve’s October 28 interest rate decision. Bitcoin was hovering near $81,412 in the latest TradingView readings provided for October 28, keeping the $80,000 level in focus ahead of the policy announcement. Prediction markets placed the probability of the Fed holding its benchmark interest rate steady at 94%, according to the latest market data.