Bitcoin rebounds to $82,621 as Federal Reserve rate hike odds drop
CIE News ·
Based on reporting by Investing.com; not yet independently confirmed.
Bitcoin recovered to trade between $81,350 and $82,621 on October 20, 2026, as CME FedWatch odds for an interest rate hike fell to 18% to 32% following comments from central bank officials.
Bitcoin (BTC) rebounded to trade between $81,350 and $82,621 on October 20, 2026, recovering from a low of $79,800. The turnaround came after September headline Consumer Price Index data recorded a 3.7% year-on-year increase against a 3.6% forecast, while core inflation reached 2.6%.
Market expectations for an interest rate hike at the October 27–28 Federal Open Market Committee meeting declined after Fed Governor Michelle Bowman and San Francisco Fed President Mary Daly indicated there was no urgency to act. CME FedWatch data showed the probability of a rate increase fell to between 18% and 32%, down from earlier peaks above 50%, while the 10-year U.S. Treasury yield dropped from over 5.3% to approximately 5.08%.
According to mitrade.com, the market drop following hotter-than-expected inflation reports triggered roughly $930 million in derivative liquidations across crypto assets over a 24-hour window, including $214 million in BTC positions. Vtmarkets.com reported that BTC faced resistance between $82,700 and $82,750 following the recovery.
Key facts
- BTC traded at $81,350-$82,621
- Rate hike odds fell to 18%-32%
- US 10-year yield fell to 5.08%
- $930M in crypto liquidations
Read the original at Investing.com