Bitcoin rose 2% to just above $81,000 on Wednesday Asian morning, recovering from Monday's dip below $80,000 as traders positioned for the Federal Reserve's rate decision. Most major tokens also gained: HYPE jumped nearly 6% to just above $81, ZEC added 5% to about $1,300, DOGE rose 4%, and BNB and SOL each gained about 3%. Ether climbed 2% to about $2,360, XRP rose 3% to $1.32, and TRX gained about 1%. The bounce follows a Galaxy note saying now is the time to accumulate bitcoin, with its head of firmwide research, Alex Thorn, saying the bear market likely ended in June, when bitcoin traded under $58,000. The bigger test comes when Fed Chair Kevin Warsh holds his press conference, as traders look for any hint of a December rate hike that would make borrowing costlier and tends to pull money from riskier assets like crypto.
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/27/2026 | 80,909.77 |
| Change that session | +0.95% |
ETH/USDT
▲ Likely positiveEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/27/2026 | 2,350.36 |
| Change that session | +1.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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