DECRYPT · 2026-10-28 15:15 UTC

Fed Rate Decision: What Markets and Bitcoin Traders Can Expect

Federal Reserve expected to hold interest rates steady at 2 p.m. ET today with over 90% probability, after raising rates to 3.75%-4.00% in September. Bitcoin trades near $80,700 as higher Treasury yields (around 5%) make risk-free returns more attractive, potentially drawing money away from volatile crypto assets. Markets pricing 75-80% odds of another quarter-point rate hike in December based on Fed officials' signals that current rates are 'not restrictive or only mildly restrictive.'

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