Some crypto traders believe the return of McDonald's McRib sandwich signals a rise in Bitcoin prices, but experts say there is no real correlation. Historical data shows only 3 out of 10 McRib returns coincided with Bitcoin gains, often preceding price drops. Analysts argue the Federal Reserve's upcoming rate decision and other market events are far more likely to influence Bitcoin's next price move. Bitcoin currently remains steady as traders await the Fed's decision on Wednesday, alongside other key events like options expiry and U.S. midterm elections.
As of Oct 27, 2026 21:51 WIB, Bitcoin trades at Rp1.451.488.544 on Pluang, showing a modest 0.34% increase over the past day. Despite the McRib's return, Bitcoin's price movement appears more influenced by broader market factors, with Pluang data showing a 73% sell order activity and a typical hold time of 112 days. The market awaits key events like the Federal Reserve's rate decision, which may have a more significant impact on Bitcoin's trajectory than seasonal promotions.
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XRP gained nearly 2% on October 27, reaching a resistance level around $1.30 despite a generally weak cryptocurrency market. Meanwhile, Bitcoin's price fell below the $80,000 mark, reflecting broader market weakness. XRP's relative strength could sig...
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