Bitcoin Approaches $82K as Strategist Says Selloff is Easing
WHO:
Cointelegraph - Analysts said Treasury yields, the U.S. dollar, and upcoming inflation data could influence Bitcoin’s next move.
Bitcoinist - Morgan Stanley strategist Mike Wilson said most of the market correction was already over.
Bitcoinist - Analyst Rekt Capital compared Bitcoin’s weekly chart with its 2022 pattern.
Cointelegraph - Morgan Stanley’s strategist said most of the correction was over.
99 Bitcoins - The Federal Open Market Committee (FOMC) was due to announce its latest interest-rate decision.
WHAT:
99 Bitcoins - A review of 71 Federal Reserve decisions found Bitcoin traded lower 30 days after 12 of the Fed’s 16 rate hikes since 2018.
99 Bitcoins - Traders priced in a 79% chance of a rate hike on December 9.
Cointelegraph - Glassnode identified $85,000 as the lower boundary of a cost-basis zone for long-term Bitcoin holders.
Cointelegraph - Traders priced in a 78% chance of a December rate hike.
Bitcoinist - Bitcoin climbed to $81,687 and approached $82,000.
Bitcoinist - Bid liquidity thickened around $79,000 and $80,000.
Cointelegraph - Bitcoin sought to rebuild support at $80,000.
Bitcoinist - CryptoQuant data showed Bitcoin declining 4.2%, from $83,567 to $80,051, between September 30 and October 25. Bitcoin was on track for its second negative October in a row after five consecutive years of October gains.
99 Bitcoins - Bitcoin recovered toward $81,000 and bounced nearly 2% during the rebound.
99 Bitcoins - Oil prices surged above $115 per barrel.
WHERE:
Bitcoinist - South Korea’s KOSPI rose 6.63% as technology stocks rebounded.
Cointelegraph - Asian and U.S. technology stocks extended their rebound.
WHY:
99 Bitcoins - Bitcoin rose for two hours after the Federal Reserve held rates, but the hold did not produce a sustained boost.
99 Bitcoins - Anthropic’s Claude AI forecast a possible Ethereum “Flippening,” in which ETH overtakes BTC as the leading digital asset, and identified a potential catalyst for that move.
Cointelegraph - Analysts said a hawkish Federal Reserve rate hold kept pressure on Bitcoin.
Cointelegraph - The stock-market rebound occurred ahead of key corporate earnings releases.
99 Bitcoins - Persistent inflation concerns and uncertainty about future interest-rate increases complicated Bitcoin’s outlook.
99 Bitcoins - Renewed supply concerns accompanied the surge in oil prices.
HOW:
Bitcoinist - The article described Bitcoin’s weekly chart as resembling its 2022 pattern, according to Rekt Capital.
99 Bitcoins - Bitcoin’s recovery occurred as markets awaited the FOMC’s latest interest-rate decision.
(UPDATED October 29, 2026 14:05 UTC)
Bitcoin rebounded toward $82,000, recovering nearly 2% as traders watched support around $80,000 and the Federal Reserve’s interest-rate decision. Analysts said Treasury yields, the dollar, inflation concerns and uncertainty over future rate increases could shape its next move, while one Morgan Stanley strategist said most of the market correction was already over. A review found Bitcoin traded lower 30 days after 12 of the Fed’s 16 rate hikes since 2018, and traders priced in roughly a 78% chance of a December hike as technology stocks also rallied.
--
(UPDATED October 29, 2026 12:06 UTC)
Bitcoin climbed back toward $82,000, reaching $81,687, as traders watched it rebuild support around $80,000 and buyers added liquidity near $79,000 to $80,000. Analysts said a hawkish Federal Reserve rate hold, inflation concerns and uncertainty over interest rates could keep pressure on the cryptocurrency, while markets awaited the FOMC’s decision and traders priced in a 78% chance of a December rate hike. Bitcoin was down 4.2% from September 30 to October 25 and on track for its second negative October in a row, while analysts also pointed to $85,000 as a key cost-basis level and compared its weekly chart with the 2022 pattern.
--
(UPDATED October 29, 2026 03:00 UTC)
Bitcoin recovered nearly 2% toward $81,000, after falling from $83,567 to $80,051 between September 30 and October 25, and traders saw stronger buying interest near $79,000 and $80,000. Analysts said a hawkish Federal Reserve stance, inflation concerns, and uncertainty over future rate increases weighed on Bitcoin, while Treasury yields, the dollar, and the latest interest-rate decision could shape its next move; traders priced in a 78% chance of a December rate hike. Technology stocks rebounded across Asian and U.S. markets, with South Korea’s KOSPI rising 6.63%, while oil climbed above $115 a barrel and Morgan Stanley strategist Mike Wilson said most of the market correction was over.
--
(UPDATED October 28, 2026 19:03 UTC)
Bitcoin climbed to $81,687, nearing $82,000, as it tried to rebuild support around $80,000 and buyers added liquidity near $79,000 and $80,000. Morgan Stanley strategist Mike Wilson said most of the market correction was already over, while analyst Rekt Capital said Bitcoin’s weekly chart resembled its 2022 pattern; the rebound came as markets awaited the Federal Reserve’s latest interest-rate decision, with inflation concerns clouding the outlook. Asian and U.S. technology stocks extended their recovery ahead of major corporate earnings, South Korea’s KOSPI rose 6.63%, and oil surged above $115 a barrel amid renewed supply concerns.