Bitcoin Retreats After Nearing $85,000 Ahead of Fed Meeting

Bitcoin retreated after moving close to $85,000, as traders looked toward the Federal Reserve's Oct. 27-28 meeting and expectations that officials would hold rates steady. Matt Mena, senior crypto research strategist at 21shares, had previously identified $85,000 as resistance in an earlier Bitcoin outlook . The general consensus ahead of the meeting was for rates to remain unchanged. The decision is expected during the Fed's Oct. 27-28 meeting. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.