Fed Announcement Could Be Key for Crypto; Bitcoin Confined to Tight Range -- Market Talk
Dow Jones
Yesterday
0938 GMT - Bitcoin is currently trapped in a narrow trading range as crypto investors await the Federal Reserve's rate announcement on Wednesday, Saxo analysts say in a note. "Crypto remains closely tied to macro conditions and liquidity expectations, meaning upcoming Fed communication is likely to be a key driver for the next directional move rather than crypto-specific news alone," they say. The Fed is expected to leave interest rates on hold this week but investors will scrutinize accompanying commentary for signals on the likely timing of the next rate cut. Bitcoin is last steady at $87,925, LSEG data show. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
January 27, 2026 04:38 ET (09:38 GMT)
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