--- title: "Analysts say Fed's hawkish rate hold keeps pressure on Bitcoin" description: "Cointelegraph reported that the Federal Reserve's hawkish rate hold keeps pressure on Bitcoin, with traders pricing in a 78% chance of a December rate hike.…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-bitcoin-faces-fresh-pressure-after-53734ddc88f743" published: 2026-10-29T01:21:58.000Z updated: 2026-10-29T02:22:02.000Z indexable: true --- # Analysts say Fed's hawkish rate hold keeps pressure on Bitcoin Cointelegraph reported that the Federal Reserve's hawkish rate hold keeps pressure on Bitcoin, with traders pricing in a 78% chance of a December rate hike.… Attributed sources: [Cointelegraph]() ## Key facts Cointelegraph reported that the Federal Reserve's hawkish rate hold keeps pressure on Bitcoin, with traders pricing in a 78% chance of a December rate hike. Analysts cited by the outlet said Treasury yields, the US dollar and upcoming inflation data could determine Bitcoin's next move. Evidence strength: Single source, 1 publisher group(s) (Cointelegraph). After site detection, observed returns were 5 minutes: +0.02% (Oct 29, 2026, 01:21 → Oct 29, 2026, 01:26, UTC; Gate · USDT); 1 hour: -1.09% (Oct 29, 2026, 01:21 → Oct 29, 2026, 02:21, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.01% (OKX · USDT; cutoff Oct 29, 2026, 01:21, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.02% | +0.02% | 0.00 pp | Oct 29, 2026, 01:21 → Oct 29, 2026, 01:26 | Gate · USDT | | 1 hour | -1.09% | -1.09% | 0.00 pp | Oct 29, 2026, 01:21 → Oct 29, 2026, 02:21 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.01% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Oct 29, 2026, 01:21 | ## Claims and open questions - Cointelegraph reported that traders are pricing in a 78% chance of a December rate hike after the Fed's hawkish rate hold. - Analysts cited by Cointelegraph said Treasury yields, the US dollar and upcoming inflation data could determine Bitcoin's next move. - What specific policy language or vote split the Fed's statement contained would clarify what analysts mean by a hawkish hold; a full official statement would confirm it. - Which analysts Cointelegraph quoted and their affiliations would establish the basis for the outlook; the article's full text or named sources would confirm it. ## Source evidence - [Fed’s hawkish rate hold keeps pressure on Bitcoin: Analysts]() — Cointelegraph; published Oct 29, 2026, 01:12; received Oct 29, 2026, 01:21 (UTC). ## Recent BTC events and market reactions - [HTX agrees to leave UK in settlement with FCA over crypto marketing]() — Published Oct 29, 2026, 13:49 (UTC) · Single source (1 publisher) · Regulation · 5m +0.04% - [Bitcoin Magazine explains methods for calculating Bitcoin per share]() — Published Oct 29, 2026, 13:36 (UTC) · Single source (1 publisher) · General news · 5m -0.06% / 1h +1.56% - [Tether's USDT to launch on Bitcoin with privacy and Lightning payments]() — Published Oct 29, 2026, 13:30 (UTC) · Single source (1 publisher) · General news · 5m -0.05% / 1h +1.46% - [Thai Supreme Court rules bitcoin counts as property in robbery case]() — Published Oct 29, 2026, 10:04 (UTC) · Single source (1 publisher) · Regulation · 5m -0.01% / 1h +0.04% - [Bitcoin Core discloses low-severity undo file overflow bug and releases fixes]() — Published Oct 28, 2026, 04:00 (UTC) · Official source (1 publisher) · General news · 5m +0.07% / 1h +0.41% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()