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Crypto Market Today, Oct. 28: Bitcoin and Altcoins Gain as Fed Decision Clears the Way for Big Tech Earnings

Crypto Market Today, Oct. 28: Bitcoin and Altcoins Gain as Fed Decision Clears the Way for Big Tech Earnings

As of early evening on Oct. 28, Bitcoin(CRYPTO:BTC) rose 0.52% to $81,220.35, Ethereum(CRYPTO:ETH) rose 0.68% to $2,363.24, and Solana(CRYPTO:SOL) rose 1.33% to $102.60.

What’s driving crypto markets

Bitcoin and the broader cryptocurrency market posted back-to-back gains despite a busy week of economic developments.

Most notably, the Federal Reserve held its benchmark interest rate steady at 3.75% to 4%, in line with market expectations. However, the central bank acknowledged that inflation remains elevated, leaving the possibility of future rate hikes on the table.

Investors will now turn their attention to a wave of corporate earnings. Alphabet (NASDAQ:GOOGL)(NASDAQ:GOOG), Microsoft (NASDAQ:MSFT), and ServiceNow (NYSE:NOW) are scheduled…

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