After the Fed hold: Bitcoin below $80,000 — eyes on the 15:30 data and tomorrow’s Bank of Japan decision
Fed night is over, but the story is still unfolding. Here’s the full recap of the day — facts first, then analysis.
What actually happened?
- The Fed held interest rates at 3.75%–4.00% in a 10–2 vote, with two members calling for a rate hike
- The statement described inflation as “still elevated” and economic activity as “expanding at a solid pace”
- $BTC After the decision, it climbed to a 24-hour high of around $81,709, then pulled back and broke below $80,000 overnight, hitting a low of around $79,615
- This morning, the price was around $79,923 (Kraken), while Ethereum was around $2,313 and Solana around $99.8
- Spot Bitcoin ETF flows turned positive again this week, according to Farside data — a sign of improvement, not confirmation of a trend
So what does this mean?
The market had priced in a hold, but not the split decision and hawkish tone. That’s why there was no celebration — just a cautious pullback. Estimates circulating after the decision put the odds of a December hike at around 78%–85%, making December a live meeting.
Levels to watch tomorrow (analysis, not certainty):
- Support: $79,600 first, followed by the $78,000 area
- Resistance: $81,500 first, followed by $82,000
- Holding above $80,000 again would be the first real sign of a cooldown — not just a brief bounce
What’s coming up tomorrow, Friday, October 30?
- Morning: Bank of Japan decision and outlook report — expected to hold at 1.25%
- Midday: Eurozone GDP for the third quarter
- 15:30 Amman time: US Employment Cost Index for the third quarter
Bottom line:
This is a week dominated by central banks: the Fed yesterday, the ECB today, and the Bank of Japan tomorrow. Bitcoin is moving to the beat of interest rates and inflation, not just crypto news — and those who read the numbers correctly understand the market correctly.
Tomorrow: Will the Bank of Japan hold or surprise us? Write “hold” or “surprise” 👇
Source: Kraken + FXStreet + FOMC statement + official economic calendar
#البيتكوين #TheFed