Crypto markets see tight trading near $80,000 as FOMC begins
CIE News ·
Based on reporting by CoinGape; not yet independently confirmed.
Crypto markets are trading within tight ranges as Bitcoin hovers near $80,000 ahead of the Fed's October 28 rate decision, with total crypto market capitalization near $2.75 trillion.
Crypto markets showed tight trading ranges and heightened sensitivity on October 27, 2026, as the Federal Open Market Committee started its two-day policy meeting. Bitcoin (BTC) hovered near the $80,000 level, fluctuating between $79,800 and $80,421, while the total crypto market capitalization fell 1.6% to near $2.75 trillion, according to coinpedia.org.
The Federal Reserve is scheduled to announce its interest rate decision on October 28, following a previous rate hike to a range of 3.75% to 4% in September. CME FedWatch data indicated an 88% probability that rates will remain unchanged. MEXC CEO Vugar Usi Zade noted that market participants are focusing primarily on statements from Fed Chair Kevin Warsh regarding December rather than the immediate rate decision, adding that a rate pause may not provide an upside catalyst.
Additional macro events and market expirations remain scheduled for later in the week. The September PCE inflation data and third-quarter GDP figures are set for release on October 29, followed by the expiration of $11.1 billion to $12.2 billion in BTC options on October 30.
Key facts
- BTC traded at $79,800–$80,421
- Crypto market cap near $2.75T
- FOMC decision on October 28
- 88% chance of rate hold