Bitcoin ETFs Take In $424 Million, but BTC Slips Below $80,000: What Bitcoin News Could November Bring?

U.S. spot Bitcoin exchange-traded funds took in $137.3 million on Wednesday, October 28, their third straight day of inflows, while the Federal Reserve held interest rates at 3.75% to 4% and two of its officials voted for a hike. The buying didn’t hold the price for long. Bitcoin rose to $81,788 after the decision, then fell to $79,710 overnight as a selloff in chip stocks spread to crypto. BTC trades at $79,899, down 1.2% in 24 hours and 4.4% for October, which is on track to be its second losing October in a row. For traders following Bitcoin news into November, the calendar is crowded: the midterm elections, fresh jobs and inflation data, and a December rate hike that prediction markets now price at 79%.

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