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Bitcoin Trades Below $80,000 Ahead of Fed's Oct. 27-28 Meeting

The Sept. 15-16 minutes showed most participants considered another increase possible before year-end, without identifying a meeting for it.

Updated 1 min read
The Federal Reserve's Eccles Building stands behind security barriers on Constitution Avenue in Washington, D.C. / EconoTimes.ai
The Federal Reserve's Eccles Building stands behind security barriers on Constitution Avenue in Washington, D.C. / EconoTimes.ai

The Federal Reserve’s September minutes showed most participants thought another increase might be warranted before year-end, as Bitcoin (BTC) traded below $80,000 ahead of the central bank’s Oct. 27-28 meeting.

At 2:41 a.m. ET Monday (06:41 UTC), Bitcoin was at $79,954, down 0.67% over 24 hours.

Published Oct. 7, the minutes of the Sept. 15-16 session showed that most participants considered another increase a possibility before the year ended. The record did not tie that possibility to a specific meeting.

The Fed’s calendar lists Dec. 8-9 as its next meeting after this week’s session. Updated economic projections are scheduled for the December meeting.

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