Bitcoin Price Prediction: Fed on Wednesday, $11.1 Billion Expiry on Friday, Which Date Moves the Price?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: the Fed decides on October 28, and two days later more than $11.1 billion in bitcoin options expire. The market has moved the rate rise to December, and that shifts the levels for this week.Bitcoin traded at $80,693 on Saturday afternoon, 1.25 percent lower than 24 hours earlier, according to market data from CoinGecko. What is on the record: the US Federal Reserve sets its policy rate on Wednesday, October 28, and at around 9am German time on Friday morning, bitcoin contracts worth $11.1 billion expire on the Deribit options exchange. Our own assessment follows further below: the closer of the two dates is not the more important one. The question this week is not whether the Fed raises rates, but when. The minutes of the September meeting state that one further increase before the end of the year would likely be appropriate. After Wednesday, exactly one meeting is left for it. For where the price can go over a horizon of months, see our bitcoin price prediction. What ...