Just days before the eagerly awaited Fed interest rate meeting, Bitcoin is once again heading towards the psychologically important $80,000 mark. In addition to geopolitical risks and monetary policy uncertainties, the recent setback in the AI sector may have been due to a general lack of confidence in the market. In the end, there are no convincing market participants.
Bitcoin price chart on a monthly basis 
Fed interest rate meeting on Wednesday in focus – investors are likely to look at rhetoric from the Fed chief
Her shadow is likely to now be increasingly anticipated ahead of the US Federal Reserve (Fed) monetary policy meeting next week, which will decide on the future interest rate level (19:00). Half an hour later, the FOMC press conference with Fed Chairman Kevin Warsh will follow, which will be crucial for monetary policy signals.
„CME Group’s “Fed Watch Tool” signals high chance of a rate pause – The ECB is also meeting on Thursday
However, the Fed’s rate-hiking is currently less likely. The „Fed Watch Tool“ from the CME Group indicates a 89.5 percent chance that there will be a pause in interest rates on October 28. 10.5 percent of market participants expect an increase in interest rates by a quarter of a percentage point in total.
The European Central Bank (ECB) will also decide on the key interest rate only a day later (14:15). Starting at 14:45, ECB President Christine Lagarde is expected to make a public appearance accordingly. It is expected that the so-called deposit rate will remain at 2.5 percent.
