Fed Rate Decision Today: Will Bitcoin Price Rally or Face Another Sell-Off?

The Federal Reserve’s October 28 interest-rate decision could influence Bitcoin and the broader crypto market. Markets largely expect the Fed to keep rates unchanged, making its comments on inflation and future rate cuts important for the next market move. Bitcoin is trading around the $80,000 level, while Ethereum is near $2,300. The Fed’s policy outlook could influence whether these cryptocurrencies continue recovering or face further selling pressure. The Federal Open Market Committee (FOMC) concludes its two-day meeting on Wednesday, October 28. The policy statement is scheduled for 2:00 p.m. ET, followed by the Fed Chair’s press conference at 2:30 p.m.