Bitcoin rose nearly 2% to just under $81,000 in Wednesday's Asian morning session, recovering from a weekend dip to nearly $79,000 as traders awaited the Federal Reserve's rate decision. Among major cryptocurrencies, ZEC led with an 8% jump to about $1,320, HYPE gained nearly 5%, and XRP and DOGE rose roughly 3%. Galaxy said Bitcoin's bear market likely ended in June, when it traded below $58,000, and that the asset is now in an accumulation phase, citing its return above the 50-week moving average, lighter selling pressure and rising U.S. debt. Traders will watch Fed Chair Kevin Warsh's press conference for hints of a December rate hike, while a daily close above $82,500 could signal the recovery is gaining momentum.
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bitcoincryptoFedinterest ratesKevin Warsh
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/27/2026 | 80,909.77 |
| Change that session | +0.95% |
ZEC/USDT
▲ Likely positiveZcash
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Privacy |
| Market cap | $20.2B |
| Close on 10/27/2026 | 1,309.60 |
| Change that session | +6.19% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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