Crypto Markets Climb on October 28 as Fed Rate Decision Clears Path for Big Tech Earnings
Yahoo Finance ·
On the evening of October 28, Bitcoin climbed 0.52 percent to $81,220.35, Ethereum advanced 0.68 percent to $2,363.24, and Solana gained 1.33 percent to $102.60. The Federal Reserve maintained its benchmark interest rate between 3.75 percent and 4 percent as anticipated, though policymakers noted that inflation stays elevated, keeping future hikes possible. Attention now shifts toward corporate reports from Alphabet, Microsoft, and ServiceNow, scheduled after Wednesday's close. Meanwhile, spot crypto exchange-traded funds traded stronger recently, with the iShares Bitcoin Trust up 0.96 percent, the Fidelity Wise Origin Bitcoin Fund up 1.01 percent, and the iShares Ethereum Trust up 1.07 percent. Additional reports from Amazon and Intel are anticipated on Thursday following the closing bell.
AI 시장 분석
Major virtual assets like Bitcoin rose as the US Federal Reserve held its benchmark interest rate steady at 3.75% to 4%. Market attention is focused ahead of earnings announcements from major tech stocks like Alphabet and Microsoft. Investor sentiment shows stability with steady trading flows in spot crypto ETFs.
상승 영향
- Bitcoin — Rose to the $81,220 level, driven by the Fed's rate freeze and robust inflows into spot ETFs (such as IBIT and FBTC).
- AI — Ahead of earnings releases from big tech companies like Microsoft and Alphabet, the AI infrastructure investment boom is driving corporate profitability and investor sentiment.
하락 영향
- Growth Stocks — As the Fed still leaves open inflation concerns and the possibility of additional rate hikes, downward pressure could be applied to big tech and growth stocks overall.
DYAX 전담 분석
Driven by the Fed's rate freeze and positive inflows into spot ETFs, BTC rose to $81,220 and ETH to $2,363. This demonstrates a causal relationship where eased macroeconomic uncertainty has stimulated capital inflows into the virtual asset market.
While continued strong earnings from big tech could strengthen risk-on sentiment and enable further upside, poor earnings or re-emerging inflation pressures pose rapid downside risks, requiring close monitoring of net ETF inflow trends.
AI가 생성한 분석으로 투자 자문이 아닙니다.
DYAX Investor Sentiment
Bullish (Long) 44% · Bearish (Short) 56%
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