TradingKey – Fed Stands Pat as Expected, Crypto Assets Rally Strongly as Bitcoin Reclaims $81,000
On October 29, Beijing time, the Federal Reserve (Fed) released its latest FOMC rate decision, maintaining the target range for the federal funds rate unchanged at 3.75%–4.00%. Following the announcement of this decision, which aligned with market consensus, global risk appetite rebounded significantly.
Boosted by the strength of U.S. tech stocks and receding macroeconomic uncertainty, Bitcoin (BTC) successfully broke through the $81,000 mark on high volume after shaking off previous range-bound consolidation between 79,000 and 80,000, reaching a high of $81,560 today.
Bitcoin price chart, source: TradingView
As this meeting was the last…
