Bitcoin stabilizes around 82000 dollars as Fed rate hike concerns ease

Bitcoin traded near 82,000 dollars around the Wall Street open on Friday, October 16, 2026, after rebounding from an 80,000 dollar low the previous day. Cointelegraph and TradingView reported that cryptocurrency markets stabilized as traders lowered their expectations for future interest rate hikes by the Federal Reserve. [1][2][5][7]

The price recovery coincided with a rebound in Asian equities following a weeklong sell-off in South Korean technology stocks. Cointelegraph reported that the KOSPI Composite Index closed up 2 percent on Friday at 5,668, although it remained down 8.3 percent for the week. [1][2]

Federal Reserve Chair Kevin Warsh offered no indications of upcoming interest rate increases during recent public appearances. BigGo Finance and TradingView both noted that the market calmed after Warsh declined to signal additional monetary tightening. [1][2][5][6][7][9]

Warsh serves as the 17th chair of the Federal Reserve and has been a member of the Federal Reserve Board of Governors since 2026. He previously served on the board from 2006 to 2011. [10]