Oct. 28 is historically S&P 500's best day, and bitcoin hinges on it
- —S&P 500 has averaged a 0.50% gain on Oct. 28 over 75 years, its best day
- —Under Warsh, the index fell 1.21%, 1.52% and 0.45% after the June, July and September meetings
- —Crypto tends to track US stocks on Fed days but falls harder when risk appetite sours
Why it matters: The Fed decision on Oct. 28 will set the tone for both equities and bitcoin, with crypto likely to underperform if the central bank disappoints.
Source: BeInCrypto RU