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FOMC The Impact of Conferences on the Crypto Market
Coinpedia
58m ago
Ai Focus
Before the Federal Reserve's interest rate decision was announced on October 28th, Bitcoin faced potential selling pressure. Ali Charts stated that Bitcoin whales had realized a profit of approximately $156 million, and their holdings decreased by about 8,162 units in the past 24 hours, valued at around $664 million according to the estimates in the text. The market generally expects the Federal Reserve to maintain current interest rates, but there is uncertainty regarding a possible interest rate hike in December, which could trigger volatility.
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FOMC The Impact of the Conference on the Crypto Market

Before the Federal Reserve announced its interest rate decision on October 28, Bitcoin was facing potential selling pressure, as on-chain data indicated that large traders were taking profits.

According to Ali Charts, Bitcoin whales have realized a profit of approximately $156 million; at the same time, their holdings have decreased by about 8,162 BTC in the past 24 hours, valued at around $664 million based on the estimates in the text.

On October 28th, Bitcoin rose by 1.36% from around $80,628 to $81,721.

The market generally expects that the Federal Reserve will keep interest rates unchanged, but the uncertainty surrounding whether a rate hike may occur in December could trigger market volatility. In the event of large-scale selling, Bitcoin may face pressure after the decision is announced.

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