COINDESK · 2026-10-28 11:23 UTC

Live updates: Bitcoin climbs above $81,000 as majors rally ahead of Fed decision

Bitcoin rose 2% to above $81,000 on Wednesday as altcoins rallied, with traders positioning ahead of the Federal Reserve's rate decision. Major altcoins gained 1-6%, with HYPE leading at nearly 6%, while Galaxy Research noted the bear market likely ended in June. Traders await Fed Chair Kevin Warsh's press conference later Wednesday for signals on a December rate hike, which could pressure crypto assets.

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