Bitcoin Reclaims $81,000 as Fed Decision Tests Recovery Strength

Bitcoin’s rebound has not been matched by a meaningful expansion in derivatives exposure, weakening the case for a leverage-driven breakout. A bullish skew among trading accounts contrasts with negative daily momentum indicators, leaving the recovery technically unconfirmed. With an unchanged Fed rate largely priced in, Kevin Warsh’s policy guidance could prove more consequential than the decision itself. Bitcoin climbed back above $81,000 on October 28, recovering alongside major cryptocurrencies hours before the Federal Reserve’s interest-rate announcement. The move lifted BTC by 1.63% over 24 hours, although its weekly performance remained negative.

Source: ETHNews