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Macroâ–Ľ Bearishâ—Ź Important

Fed Holds Rates With Tougher Tone, Keeping Bitcoin Under Pressure

TradingGain NewsroomTradingGain Newsroom··29 Oct 2026, 01:12 UTC

The Federal Reserve kept interest rates unchanged but took a hawkish stance, meaning it leans toward tighter policy. Traders are pricing a 78% chance of a rate hike in December, and analysts say Bitcoin's next move could depend on Treasury yields, the US dollar and upcoming inflation data.

BTCAt the time of writing, Bitcoin traded at $79,850 (-1.31% in 24h).Live price →

Why it matters

  • Traders are pricing a 78% chance of a rate hike in December.
  • Analysts say the Fed's hawkish hold is keeping pressure on Bitcoin.
  • Treasury yields and the US dollar are key signals for Bitcoin's direction.

What to watch next

Upcoming US inflation data, along with moves in Treasury yields and the US dollar, could set Bitcoin's next direction.

This brief is written by TradingGain from public reporting by Cointelegraph.Read original ↗
Fed Holds Rates With Tougher Tone, Keeping Bitcoin Under Pressure
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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.