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Bitcoin surges 42.7% in Q3, eyes Fed's October rate decision for next move

Market News
21 Oct 2026
Finbold
View Source
Neutral
Bitcoin surges 42.7% in Q3, eyes Fed's October rate decision for next move

Bitcoin rose 42.7% in Q3, recovering after three down quarters, driven by US Treasury bond purchases that lowered yields and boosted risk assets. Ethereum and Solana also saw strong gains. However, uncertainty remains as the Federal Reserve's October 28 interest rate decision looms, influencing ETF flows and market sentiment. Nexo outlines three possible Q4 scenarios: continued gains if rates hold, consolidation amid uncertainty, or a pullback if rates rise or inflation surprises higher.

As the Federal Reserve's October 28 decision approaches, Bitcoin remains steady on Pluang, trading at Rp1.509.096.029 with a 0.81% gain as of Oct 21, 2026 21:25 WIB. Ethereum holds nearly flat at Rp44.524.774, up 0.01%, while Solana shows a slight dip of 0.84% to Rp1.921.796. Market activity shows a majority of sell orders for Bitcoin and Ethereum, indicating cautious sentiment among Pluang users ahead of the Fed's move.

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