Fed's major 2 P.M. call sends crypto markets surging

Oct 28, 2026 2:47 PMPublished Oct 28, 2026 2:47 PM

Bitcoin is failing its biggest test as a safe haven. Despite the "digital gold" narrative, digital assets offer no shelter when markets crash, moving instead in lockstep with stocks. The Fed is making a policy mistake by pausing now, and the real risk is a massive 50-basis-point hike in December that could devastate crypto holders. If Bitcoin can't hedge against market pressure, is there any reason left to believe it’s a store of value? What’s your take?
This summary was generated by AI

Traders see a roughly 90% chance the Fed holds at 3.75% to 4%, but hotter inflation and possible hawkish dissents put Chair Kevin Warsh’s press conference in the spotlight.

www.thestreet.comFed's major 2 P.M. call sends crypto markets surgingTraders see a roughly 90% chance the Fed holds at 3.75% to 4%, but hotter inflation and possible hawkish dissents put Chair Kevin Warsh’s press conference in the spotlight.

Goldman Sachs •Fed •Kevin Warsh

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