Bitcoin Price Faces Uncertain Road Ahead Amid Fed Meeting, Rising Oil Prices

Bitcoin's price has surged 43.8% over the past 90 days, but it remains down 25.0% year-over-year and still lags behind its all-time high of $126,080.

The upcoming Federal Reserve meeting on October 27-28 could play a crucial role in determining Bitcoin's price trajectory for the remainder of 2026.

Rising interest rates, with a 64% probability of another Fed rate hike, may negatively affect Bitcoin due to its lack of interest or dividend payments. The 10-year Treasury yield is currently at 5.17%, making government bonds an attractive alternative for investors.

Additionally, rising oil prices have returned to the forefront, with Brent crude above $100 a barrel, which could fuel inflation and give the Fed more justification to raise rates.