Bitcoin Risks $80K Test Ahead of October 28 Fed Decision
- —US spot Bitcoin ETFs attracted $526.7 million in inflows on October 19
- —BlackRock's IBIT led with $665.2 million, offsetting Fidelity and Grayscale outflows
- —BTC climbed to $82,830 but stays below its early-October high near $87,300
- —94 of 100 economists surveyed by Reuters expect the Fed to hold rates at 3.75%-4.00%
Why it matters: The October 28 Fed decision and signals of a December hike will determine whether the $80,000 support holds or BTC breaks lower.
Source: Coinpaper