Bitcoin price gains as 14,942 BTC leave exchanges ahead of Fed decision

Bitcoin price has recovered above $80,000 at the time of reporting, gaining more than 1% over 24 hours as traders assess improving exchange flows, uneven ETF demand and geopolitical uncertainty ahead of the Federal Reserve’s interest rate decision. Summary Bitcoin price recovered above $80,000 before the Fed’s October 28 decision, but remains below important resistance levels. U.S. spot Bitcoin ETFs recorded $110.3 million in inflows on October 26 after two sessions of withdrawals. Santiment reported net exchange outflows of 14,942 BTC, the largest daily withdrawal in five weeks. Reports of possible U.S. military action against Iran have raised concerns about oil prices and inflation. Bitcoin price must reclaim $81,400–$82,500 to strengthen its recovery, while $80,000 remains immediate support. According to crypto.news market data, BTC was trading near $80,800 after moving between $79,416 and $81,159 over the past day. Trading volume stood around $23.5 billion, while its market capitalization remained above $1.62 trillion. Despite the recovery, Bitcoin price has struggled to regain $82,000, leaving the latest advance short of a confirmed breakout. The rebound follows a difficult we...