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Bitcoin steadies near $83,000 as volatility drops ahead of Fed rate decision, boosted by BlackRock ETF buying.

Market News
22 Oct 2026
Proactive Investors
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Neutral
Bitcoin steadies near $83,000 as volatility drops ahead of Fed rate decision, boosted by BlackRock ETF buying.

Bitcoin is trading around $83,000 with low volatility as investors await the US Federal Reserve's rate decision on October 28. Despite subdued market activity, institutional buying remains strong, highlighted by BlackRock's significant purchases through its spot Bitcoin ETF. Bitcoin has been consolidating after a volatile start to October, with support near $80,000 and resistance around $84,000. The low volatility suggests a potential major move soon, with the Fed decision and ongoing institutional interest as key catalysts.

Bitcoin's price and volatility context as of Oct 22, 2026 11:51 WIB: For readers following cryptocurrency markets, here is Pluang's snapshot of 50 major cryptocurrencies tradable on the platform. Today, 14 rose and 35 fell. Notable movers include ALGO (Algorand) at Rp1.992 with a 1-day change of -2.73% and Pluang order activity showing 10% Sell / 90% Buy, CAKE (PancakeSwap) at Rp39.254 down 2.72% with 42% Sell / 58% Buy, and MANA (Decentraland) at Rp1.540 down 2.72% with 8% Sell / 92% Buy. The most notable figure is MANA's typical hold time on Pluang of 157 Days.

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