Bitcoin Stalls at $87K as Fed Decision Looms

Bitcoin's price surge was halted at $87,000 despite favorable data on PCE and jobs. The asset briefly touched this level but then dropped to around $85,200. This comes as investors wait for the Fed to decide on interest rates.

The past week saw some notable gains in other assets, with QNT surging by 160% and NIGHT gaining 105%. However, many larger-cap alts such as XRP and ZEC struggled, losing value.

Historically, October has been a bullish month for Bitcoin, but analysts warn that some major catalysts could impact its price. The asset's performance after US midterms is also a topic of interest, with some predicting a drop in the coming months.