Bitcoin near $80,800 after giving up early gains ahead of Fed decision; pepe up about 9%
Bitcoin traded at about $80,760 as of 17:53 GMT on Wednesday, little changed on the day after rising above $81,000 in Asian hours. The memecoin pepe rose about 9% after Arkham Intelligence said wallets it links to Justin Sun hold about $51 million of the token.
Bitcoin was trading at about $80,760 as of 17:53 GMT on Wednesday 28 October, roughly flat since midnight GMT, according to Yahoo Finance data. It had risen above $81,000 during Asian trading hours before slipping back, CoinDesk reported.
As of the same time, ether was at about $2,344 (down 0.1% on the day), XRP at about $1.32 (down 0.9%) and solana at about $101.66 (up 0.4%), Yahoo Finance data showed.
CoinDesk said the early rise came as South Korea’s Kospi index jumped 6.6% on SK Hynix’s results. The memecoin pepe rose 9.4% to lead CoinDesk’s index of the 100 largest tokens, after blockchain analytics firm Arkham Intelligence said wallets it links to Tron founder Justin Sun hold around $51 million of the token, CoinDesk reported.
US spot bitcoin exchange-traded funds took in $176 million on Tuesday, a second straight day of inflows, according to Farside Investors data cited by CoinDesk.
The Federal Reserve’s interest rate decision was due at 18:00 GMT. CoinDesk reported that CME’s FedWatch tool showed about a 92% chance of no change.
See also: Tuesday’s bitcoin move back above $80,000.
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