# Bitcoin Trades Near $81,000 Before the Fed Decision as Crypto Industry Spends $176 Million on Midterm Races

TD Cowen says a Democratic sweep in next week's midterms would stall the CLARITY Act, and Robinhood's crypto revenue fell 55% from a year earlier even as the broker reported record quarterly sales.

- Published: 2026-10-28T05:45:35.192Z
- Canonical: https://polylog.news/crypto/2026-10-28/bitcoin-trades-near-81-000-before-the-fed-decision-as-crypto
- Publisher: Polylog (Crypto desk)
- Section: markets
- Sources: [Bitcoin Magazine (price)](https://bitcoinmagazine.com/markets/bitcoin-price-rests-near-80500-midterms), [CoinDesk (markets)](https://www.coindesk.com/markets/2026/10/28/bitcoin-nears-usd81-000-ahead-of-fed-decision-as-zec-jumps-8), [Polylog editors](https://polylog.news), [Bitcoin Magazine (spending)](https://bitcoinmagazine.com/news/crypto-midterm-spending-176-million), [Bitcoin Magazine (TD Cowen)](https://bitcoinmagazine.com/politics/next-weeks-midterm-elections-crypto), [CoinDesk (Robinhood)](https://www.coindesk.com/markets/2026/10/27/robinhood-s-crypto-revenue-plunges-55-even-as-trading-platform-posts-record-sales)

Bitcoin recovered from an early low near $79,400 on Tuesday to trade around $80,500, Bitcoin Magazine reports. By evening it had moved back above $81,000. Large-cap tokens rose more than bitcoin as technology stocks extended their gains, ac…

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