BTC fell under $80,000 after the Fed kept policy steady but hinted at further tightening, while institutional inflows to spot ETFs stayed modest.

Bitcoin slipped back under the $80,000 mark on Thursday, wiping out most of its weekly gains. The move came after the Federal Reserve left its policy range at 3.75‑4.00% unchanged, yet delivered a hawkish tone that dampened risk appetite.

Fed decision and market reaction

• The Fed’s two‑day October meeting ended with rates unchanged but a non‑unanimous vote; Lisa Cook and Beth Hammack favored a 25‑bp hike, while Chair Kevin Warsh emphasized readiness to act if needed.
• CME FedWatch raised the probability of a December tightening to 79.6% from 78.33% on Tuesday, adding to cautious sentiment.
• Safe‑haven assets gained modest support as the 10‑year Treasury stayed above 5% and the U.S. Dollar Index hovered above 102, pressuring risky assets like BTC.

Technical picture

• BTC traded at $79,882, still above the 100‑day EMA ($77,859) and 200‑day EMA ($76,432), keeping the longer‑term uptrend intact.
• The 50‑day EMA at $80,788 now acts as the nearest resistance, with a broader barrier near $85,000.
• Momentum indicators turned weaker: RSI slipped into the low‑40s and MACD remained in negative territory, suggesting a consolidative, mildly bearish bias.

What traders are watching

• Key U.S. data due later Thursday – the September PCE price index and Q3 GDP – could shape the dollar and, by extension, Bitcoin’s direction.
• A close below the 100‑day EMA ($77,859) would test the 200‑day EMA ($76,432) and could trigger a wider correction.
• Spot Bitcoin ETF inflows held at $137.33 million for the third straight day, indicating modest institutional buying that may support a rebound if the trend continues.

Related news

• Evening market overview as ECB leadership change looms
• Gold and silver price outlook as split Fed decision keeps December hike alive
• Warsh signals higher rates but keeps Fed options open
• USD/CAD trades near 1.4000 as falling wedge narrows

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This article is compiled from international market news for information only. It is not investment advice.