Reserve

BlackRock

Bitcoin

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 <h3 id="key-takeaways">Key takeaways</h3>
 <ul>
 <li>Bitcoin faces another $80,000 test before October's Fed decision</li>
 <li>US spot Bitcoin ETFs attract $526.7 million in inflows</li>
 <li>Economists expect a Fed pause despite persistent inflation</li>
 </ul>
 <a href="https://coincodex.com/crypto/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> could revisit $80,000 ahead of the Federal Reserve's October 28 interest-rate decision, even after a rebound toward $83,000 and a sharp recovery in institutional ETF demand.
 US spot Bitcoin exchange-traded funds attracted $526.7 million on October 19, according to <a href="https://farside.co.uk/btc/" rel="noopener noreferrer nofollow">Farside Investors</a>, reversing an $82.4 million withdrawal recorded during the previous session. BlackRock's IBIT led with $665.2 million in inflows, partially offset by withdrawals from Fidelity and Grayscale.
 The recovery followed Bitcoin's October 19 climb to approximately $82,830, a five-day high. However, the cryptocurrency remains below its early-October peak near $87,300, leaving investors focused on whether improving institutional demand can withstand another potentially restrictive Fed announcement.Bitcoin ETF Inflows Rebound $526.7 Million Before Fed Decision 
 The ETF recovery represents a significant shift following several weeks of uneven institutional buying.
 Between October 5 and 9, Bitcoin funds recorded approximately $679 million in <a href="https://coinpaper.com/37123/uptober-takes-a-hit-as-bitcoin-etfs-lost-679-million-last-week" rel="noopener noreferrer nofollow">weekly outflows</a>. Withdrawals subsequently reached $729 million across October 7–8 alone, with BlackRock and Fidelity among the leading contributors.
 The latest $526.7 million inflow offsets a substantial portion of that selling, but one positive session does not establish a sustained demand recovery.
 Bitcoin's earlier <a href="https://coinpaper.com/36935/bitcoin-price-drops-below-83k-as-oil-yields-and-dollar-weigh-on-crypto" rel="noopener noreferrer nofollow">October decline</a> also coincided with rising Treasury yields, a stronger dollar and a broader reduction in risk exposure.
 More recently, a <a href="https://coinpaper.com/37200/bitcoin-price-prediction-btc-falls-below-81k-amid-liquidations" rel="noopener noreferrer nofollow">liquidation wave</a> pushed Bitcoin below $82,000, demonstrating how leveraged positions can amplify relatively modest price movements.&amp;lt;iframe src=”https://widgets.coincodex.com/w/7c225838-5a1e-4fae-acdf-1470a0802ce1?site=coinpaper&amp;amp;mode=light” width=”100%” height=”420” frameborder=”0” referrerpolicy=”no-referrer-when-downgrade” style=”border:0;background:transparent;border-radius:0px;”&amp;gt;&amp;lt;/iframe&amp;gt;Fed Expected to Hold Rates as December Hike Looms 
 The Federal Reserve will announce its next policy decision on October 28, following a two-day meeting.
 A Reuters survey of 100 economists published October 20 found that 94 expect rates to remain unchanged at 3.75%-4.00%. However, economists surveyed anticipate another quarter-point increase in December.
 Persistent inflation explains the uncertainty.
 US consumer prices rose 3.7% annually in September, up from 3.4% in August. Meanwhile, the benchmark 10-year Treasury yield has climbed above 5%, increasing the appeal of interest-bearing assets relative to speculative investments.
 Bitcoin benefited when expectations of an immediate hike diminished, but its latest rebound has not eliminated the <a href="https://coinpaper.com/37238/why-is-bitcoin-falling-today-btc-falls-under-83k-ahead-of-us-cpi" rel="noopener noreferrer nofollow">macroeconomic pressures</a> that drove previous declines.
 Even if policymakers leave rates unchanged, commentary suggesting additional tightening in December could influence bond yields and cryptocurrency valuations.Bitcoin Price Prediction: $80K Support or $85K Recovery? 
 Bitcoin's short-term outlook depends on whether buyers can maintain support around $80,000–$82,000.
 QCP Capital previously identified that region as a potential <a href="https://coinpaper.com/37045/bitcoin-price-prediction-btc-falls-to-81k-as-qcp-calls-it-a-buying-zone" rel="noopener noreferrer nofollow">buying zone</a>, while October's decline briefly pushed BTC below $80,000 before buyers returned.
 A renewed move below $82,000 would expose the $80,000 psychological level. If that support fails, the $78,500–$80,000 region becomes a possible downside scenario rather than a confirmed target.
 Alternatively, reclaiming $83,000 could open another test of $84,400–$85,000. Sustained buying above that region would strengthen the case for an eventual return toward October's $87,300 high.
 An earlier <a href="https://coinpaper.com/37436/bitcoin-price-prediction-coinlab-sees-55-chance-of-80600-82900-range-after-etf-outflows" rel="noopener noreferrer nofollow">short-term forecast</a> also identified the $80,000 area as important, although its modeled probabilities are not reliable indicators of what will happen after the Fed announcement.
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Bitcoin Price Prediction: BTC Risks $80K Drop Ahead of October 28 Fed Decision

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