Bitcoin Awaits FOMC Decision Amid Potential for 30% Rally
Bitcoin traders are anticipating the October FOMC decision, with hopes for a post-meeting price surge based on historical patterns.
Bitcoin traders are anticipating the October FOMC decision, with hopes for a post-meeting price surge based on historical patterns. Bitcoin (BTC) is trading at ₹76,01,297 ($79,765.00), up 0.1% since this brief published. This is an original Token Times brief based on reporting by TronWeekly, with live market data added, as of Thu, 29 Oct 2026 04:00:01 UTC.
The outcome of the FOMC meeting could significantly impact Bitcoin's price trajectory, as previous meetings have historically triggered substantial rallies. This highlights the growing correlation between monetary policy decisions and crypto market movements.
- Bitcoin is currently trading near $79,666, down 1.41% in the last 24 hours.
- Traders are watching the FOMC decision for potential market-moving impact.
- Historical post-FOMC rallies suggest a possible 30% price increase.
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- Analyst Predicts Bitcoin Could Drop to $77K Post-FOMC Despite Recent Rally
- Bitcoin Awaits FOMC Decision Amid Potential for 30% Rally — this brief
Bitcoin is currently priced at $79,666, showing a 1.41% decline over the past 24 hours, as traders anxiously await the outcome of the October Federal Open Market Committee (FOMC) meeting.
Historical data suggests that Bitcoin has experienced significant rallies following previous FOMC meetings, raising expectations for a potential surge this time as well. Analysts like Ted Pillows have pointed to these past patterns as a reason for optimism.
The article mentions that technical indicators, including moving averages and derivatives data, are being used to predict Bitcoin's short-term price movements. These tools help traders gauge market sentiment and potential price direction.
The broader crypto market is experiencing a downturn, with the total market cap at $2.74 trillion. Bitcoin's market cap stands at $1.6 trillion, reflecting its dominance in the sector.
Given the historical correlation between FOMC meetings and Bitcoin price movements, investors are keenly watching for any signals that could indicate a potential rally. The current neutral Fear & Greed index reading of 51 suggests a wait-and-see approach among market participants.
Since this brief published about 9 hours ago, Bitcoin (BTC) has moved from ₹75,91,863.09$79,666.00 to ₹76,01,297.40$79,765.00 — +0.12%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $77,500 in October?
Crowd-implied probability on Polymarket, ₹12.25M 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 29 03:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹8.31M (about $79,765.00), down 1.5% over 24 hours. The rupee itself trades about 9.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 29, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Bitcoin Awaits FOMC Decision Amid Potential for 30% Rally — questions & answers
What is the significance of the FOMC meeting for Bitcoin?
The FOMC meeting could impact Bitcoin's price due to historical post-meeting rallies and its influence on broader financial markets.
What indicators are traders using to predict Bitcoin's price?
Traders are using moving averages and derivatives data to forecast Bitcoin's short-term price movements.
What is the current state of the crypto market?
The total crypto market cap is $2.74 trillion, with Bitcoin's market cap at $1.6 trillion and its price down 1.41% in the last 24 hours.
How much is 1 Bitcoin worth in rupee today?
About ₹8.31M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $79,765.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.12% since this brief first published — trading at ₹76,01,297 ($79,765.00) now versus ₹75,91,863 ($79,666.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from TronWeekly. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.