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Add as a preferred source on GoogleBitcoin Retreats After Nearing $85,000 Ahead of Fed Meeting
The Federal Reserve meets Oct. 27-28, with the general expectation that officials will leave rates unchanged.
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Bitcoin retreated after moving close to $85,000, as traders looked toward the Federal Reserve's Oct. 27-28 meeting and expectations that officials would hold rates steady.
Matt Mena, senior crypto research strategist at 21shares, had previously identified $85,000 as resistance in an earlier Bitcoin outlook.
The general consensus ahead of the meeting was for rates to remain unchanged. The decision is expected during the Fed's Oct. 27-28 meeting.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.