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Bitcoin dips below $81K ahead of US Fed rate decision and $11.1B options expiry this week

Market News
24 Oct 2026
CryptoTicker
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Neutral
Bitcoin dips below $81K ahead of US Fed rate decision and $11.1B options expiry this week

Bitcoin traded around $80,693, down 1.25% as investors await the US Federal Reserve's rate decision on October 28 and a major $11.1 billion bitcoin options expiry on October 30. The market largely expects no rate hike this week, shifting the probability of an increase to December. These events influence bitcoin's price through changes in safe asset yields, the US dollar strength, and derivatives financing costs. Key price levels to watch are $81,939 on the upside and $78,000 on the downside, with leveraged positions needing careful risk management ahead of these dates. The options expiry is unlikely to move the market significantly as most contracts are out of the money.

Bitcoin price outlook is in focus as the US Federal Reserve decision and a large options expiry approach. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 24, 2026 21:01 WIB: out of 50 major cryptocurrencies, 5 rose and 43 fell today. Notable movers include ATOM at Rp30.030 with a 1-day change of -5.88%, AAVE at Rp2.510.899 down 5.64%, and SNX at Rp3.647 down 5.52%.

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