Bitcoin price gains as 14,942 BTC leave exchanges ahead of Fed decision

Oct 28, 2026

Bitcoin price has recovered above $80,000 at the time of reporting, gaining more than 1% over 24 hours as traders assess improving exchange flows, uneven ETF demand and geopolitical uncertainty ahead of the Federal Reserve’s interest rate decision.

According to crypto.news market data, BTC was trading near $80,800 after moving between $79,416 and $81,159 over the past day. Trading volume stood around $23.5 billion, while its market capitalization remained above $1.62 trillion. .

Bitcoin price rebounds as ETF flows turn positive

Institutional flows improved on October 26 after two consecutive sessions of heavy withdrawals from U.S. spot Bitcoin ETFs. The funds attracted approximately $110.3 million, primarily through BlackRock’s IBIT.

The recovery followed combined outflows of roughly $773.5 million on October 22 and 23, including $635.6 million on the first day. As crypto.news reported on Bitcoin’s decline, the withdrawals coincided with leveraged liquidations and growing concerns over the Federal Reserve’s monetary policy outlook.

Federal Reserve decision adds uncertainty to Bitcoin outlook

The Federal Reserve’s October 28 policy announcement remains the central scheduled event for cryptocurrency traders, with attention focused on interest rates and Chair Kevin Warsh’s comments about inflation.

As previously outlined in the weekly economic calendar, investors face the Fed decision alongside third-quarter U.S. GDP figures, September personal consumption expenditures inflation data and earnings from major technology companies.

Moreno identified the 365-day moving average at $77,585, the trader realized price at $74,041 and the 200-day moving average at $73,028 as levels worth monitoring if the market weakens.

Iran tensions raise geopolitical risks for Bitcoin price

Geopolitical developments have complicated the market outlook following reports of preparations for possible renewed military action against Iran.

According to an October 28 Wall Street Journal report, U.S. officials warned several Gulf countries about the possibility of a short military campaign after the November 3 midterm elections. The report described military preparations involving air-defense systems and regional forces, although no final decision to launch strikes had been announced.

The developments have revived concerns about oil prices and potential inflation pressure. Higher energy costs could complicate expectations for future Federal Reserve policy, particularly if tensions translate into sustained increases in crude prices.

Bitcoin’s response remains uncertain. Although some investors regard the cryptocurrency as an alternative asset during geopolitical turmoil, recent trading has shown sensitivity to changes in liquidity, interest rates and appetite for financial risk.

Bitcoin price prediction: Can BTC reclaim $82,000?

Bitcoin’s daily technical structure remains cautious despite its recovery above $80,000. The chart readings place BTC near $80,915, below its nine-day moving average of $81,416 and 21-day moving average of $81,905.

With the shorter moving average below the longer one, the chart retains a bearish crossover. The Relative Strength Index stands at 45.52, below the neutral 50 level, suggesting that buying momentum has not fully recovered.

Those historical observations describe past performance and do not establish that Bitcoin will repeat the pattern in 2026.

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