Fed keeps rates at 3.75%–4.00% as crypto liquidations reach $167 million
CIE News ·
Based on reporting by Bitcoin.com News; not yet independently confirmed.
The Federal Reserve kept interest rates steady at 3.75%–4.00% on October 28, 2026, as Bitcoin stabilized near $81,000 following $167 million in crypto liquidations.
On October 28, 2026, the U.S. Federal Reserve decided to maintain its benchmark interest rate within the 3.75% to 4.00% target range. Following the announcement, Bitcoin (BTC) moved back near $81,000 after fluctuating between an intraday peak of $81,687 and a dip below $80,400 earlier in the day. The Federal Open Market Committee stated that domestic spending and economic activity remain strong, while noting that inflation continues to be elevated.
The volatile price swings led to $167 million in total cryptocurrency market liquidations, according to data from CoinGlass reported by Bitcoin.com News. Liquidated short positions represented approximately $110 million of that total, with BTC derivatives accounting for nearly $58 million in wiped positions. Ethereum (ETH) also experienced price fluctuations between $2,305 and $2,353 on the same day.
Key facts
- Rates held at 3.75%–4.00%
- BTC traded near $81,000
- $167M total liquidations
- $110M short liquidations
Read the original at CoinMarketCap