Bitcoin Hovers Around $80,000 as Fed Decision Draws Closer
Bitcoin market participants entered October 27 focused on the Federal Reserve's policy discussion and the upcoming interest-rate decision. Contemporary.
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Explained in this story
Federal Reserve
The central bank of the United States, which sets US interest rates and supervises banks.
Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.
More about Federal ReserveBitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinMore in Bitcoin
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