Bitcoin moved back above $81,000 in Asian trading on Wednesday as cryptocurrency markets recovered from an early-week sell-off and traders prepared for the Federal Reserve’s interest-rate decision later in the day. Smaller tokens led the advance, while investors focused on whether the central bank would offer clues about a possible December rate increase.
Bitcoin and major tokens advance
Bitcoin gained about 2% to trade just above $81,000, extending its rebound after falling below $80,000 on Monday. Ether also rose roughly 2% to around $2,360, while XRP increased by a similar amount to about $1.32.
Several other major tokens recorded larger gains. Hyperliquid’s HYPE rose nearly 6% to just above $81, Zcash added 5% to approximately $1,300 and Dogecoin gained 4%. BNB climbed about 3% to just under $760, while Solana rose by roughly 3% to above $102. TRX was among the laggards, gaining about 1%, according to CoinDesk data.
The recovery marked a sharper tone change from Monday, when selling affected almost every major cryptocurrency and pushed bitcoin below $80,000 for the first time in more than a week.
Memecoins and smaller tokens lead rebound
The strongest moves came from smaller and more speculative assets. Bitway’s BTW token was up 24% over 24 hours, while PEPE gained 15% and M rose 11% at the time of reporting. Bitcoin and ether, by comparison, were each higher by about 2%.
The Federal Reserve is widely expected to leave its benchmark interest-rate target unchanged at 3.75% to 4%. The market’s attention is therefore likely to center on the accompanying communication and comments from Fed Chair Kevin Warsh, particularly any indication of how policymakers view a potential rate increase in December.
Interest rates matter to crypto markets because higher borrowing costs can reduce the appeal of riskier assets and encourage money to move toward lower-risk investments. Monday’s decline illustrated how quickly digital assets can come under pressure when expectations of tighter monetary policy intensify.
Analysts point to bitcoin’s recovery
The latest rise followed a Tuesday note from Galaxy that said conditions were favorable for accumulating bitcoin. Alex Thorn, the firm’s head of firmwide research, said the bear market probably ended in June, when bitcoin was trading below $58,000.
That view comes as traders assess whether the latest move represents a broader recovery or a short-term rebound ahead of the Fed announcement. The source material does not provide a forecast for prices, and the central bank’s decision and press conference remain the key scheduled market events.
Moneyiar market picture
Moneyiar data recorded at October 25, 2026, around 10:38–10:39 p.m. Tehran time, showed mixed recent performance:
- Bitcoin: $80,430.51, down 0.08% over 24 hours and 1.32% over seven days.
- Hyperliquid: $76.82, up 0.63% over 24 hours and down 1.71% over seven days.
- Zcash: $1,217.54, up 1.24% over 24 hours and 9.57% over seven days.
- Ore: $164.75, up 4.48% over 24 hours and 56.42% over seven days.
These figures are Moneyiar market data at the stated time and may differ from the later levels cited in the market report.
