News
Bitcoin’s $8,000 range faces a Fed test
Analysts see Bitcoin demand near $80k and selling pressure near $88k, with the Fed's Oct 28 rate decision potentially disrupting the $8,000 range. ETF withdrawals of $859 million (Oct 7‑14) add pressure. Australia is consulting on a capital rule of A$14 million or 10% of revenue for crypto platforms. Patrick Witt left his White House crypto‑bill role on Oct 15, leaving US legislation stalled. The article also notes $939 million liquidated across 176,506 traders, 84 million XRP added to exchange wallets, and concentrated corporate Bitcoin buying.