# Bitcoin falls below $80,000 before Wednesday's Fed decision at 11pm Pakistan time

Source: Searchable (https://searchable.pk/news/crypto/bitcoin-falls-below-dollar80000-before-wednesdays-fed-decision-at-11pm-pakistan)
Type: News article
Author: Searchable Editorial
Published: 26 Oct 2026
Updated: 26 Oct 2026
Retrieved: 26 Oct 2026

> Bitcoin is about Rs 2.21 crore and ether near $2,300 as traders wait to hear whether Fed chair Kevin Warsh hints at a December rate hike.

**Bitcoin price today** slipped below **$80,000** in Asian trading on Monday 26 October, falling nearly 2% to about $79,800 as traders cut risk before this week's US Federal Reserve meeting, [CoinDesk reported](https://www.coindesk.com/markets/2026/10/26/bitcoin-slips-under-usd80-000-as-traders-de-risk-ahead-of-fed-meeting). At the interbank dollar rate of Rs 276.82, one bitcoin is worth roughly **Rs 2.21 crore** (Rs 22.09 million).

## The rest of the market

| Coin | Move, Monday morning |
|---|---|
| Bitcoin | Down nearly 2%, about $79,800 |
| Ether | Down nearly 3%, just above $2,300 |
| XRP | Down about 3%, $1.28 |
| Solana | Down 2%, barely holding $100 |
| Tron | The only major token up, by less than 1% |

CoinDesk said bitcoin needs to get back above **$82,500**, the floor it lost last Thursday, before buyers can treat the fall as a pause rather than a new leg down.

## Why the Fed matters for crypto

The Fed announces its decision on **Wednesday 28 October**. The statement comes at 2pm in Washington, which is **11pm Pakistan time**, and Chair Kevin Warsh's press conference follows at about 11:30pm PKT. Markets do not expect a change in rates this week. What they are watching is whether Warsh signals a hike in December: higher US rates tend to pull money out of risky assets such as crypto.

"We're watching how strongly the chair hints at a December hike, that's what matters for crypto," Jeff Mei, chief operating officer of the exchange BTSE, told CoinDesk.

Oil is the other worry. Brent crude fell 2% from a six-month high to about $114 a barrel after President Trump said it was "getting to be decision time" on Iran. Expensive oil keeps inflation up, which is the reason the Fed might raise rates.

## For readers in Pakistan

Rupee prices quoted on peer-to-peer apps can differ from the interbank conversion above, so check the rate before you trade. Track the daily move on our [bitcoin price page](/data/btc-usd) and [ether price page](/data/eth-usd), and convert any amount with the [currency converter](/tools/finance/currency-converter). If you sold crypto at a profit, the [capital gains tax calculator](/tools/tax/capital-gains-tax-calculator) shows how the gain is treated.

## Frequently asked questions

**What time is the Fed decision in Pakistan?**

The Fed statement on Wednesday 28 October 2026 is due at 2pm US Eastern time, which is 11pm Pakistan time. The press conference follows at about 11:30pm PKT.

## Sources

- Bitcoin slips under $80,000 as traders de-risk ahead of Fed meeting (CoinDesk): https://www.coindesk.com/markets/2026/10/26/bitcoin-slips-under-usd80-000-as-traders-de-risk-ahead-of-fed-meeting
- Bitcoin price today (USD), Searchable data page (Searchable): https://searchable.pk/data/btc-usd

How to cite: "Bitcoin falls below $80,000 before Wednesday's Fed decision at 11pm Pakistan time", Searchable, 26 Oct 2026, https://searchable.pk/news/crypto/bitcoin-falls-below-dollar80000-before-wednesdays-fed-decision-at-11pm-pakistan