Bitcoin price falls to $79,800 due to the Federal Reserve's interest rate decision
2026-10-29 17:00:50
According to CoinMeta, despite the fact that US spot Bitcoin ETF attracted over $423 million in capital inflows over the past three days, the price of Bitcoin still fell to $79,800, a decrease of 1.50% from the previous day. The Federal Reserve decided at its meeting on October 28 to maintain the benchmark interest rate at 3.75%-4% unchanged, despite two policymakers supporting another interest rate hike. Concerns in the market about inflation, rising oil prices, and the possibility of high borrowing costs in the United States have intensified. Analysts point out that although the inflow of ETF funds indicates institutional demand, the market price of Bitcoin is still affected by selling pressure.
Source:Cryptonews
This content is for market information only and does not constitute investment advice.
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