# Fed Holds Rates at 3.75% to 4% as Two Officials Vote for a Hike, and Bitcoin Falls Below $80,000

Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented in favor of a quarter-point increase, Chair Kevin Warsh said inflation is too high, and $356 million in crypto positions were liquidated over 24 hours.

- Published: 2026-10-29T05:42:25.188Z
- Canonical: https://polylog.news/crypto/2026-10-29/fed-holds-rates-at-3-75-to-4-as-two-officials-vote-for-a-hik
- Publisher: Polylog (Crypto desk)
- Section: macro
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/10/28/fed-leaves-interest-rates-unchanged-as-expected), [Bitcoin Magazine](https://bitcoinmagazine.com/markets/bitcoin-price-trades-near-81500-fed), [CoinDesk](https://www.coindesk.com/markets/2026/10/29/bitcoin-dips-below-usd80-000-as-samsung-led-risk-aversion-in-tech-and-a-hawkish-fed-weigh-on-crypto), [Polylog editors](https://polylog.news), [crypto.news](https://crypto.news/bitcoin-search-interest-five-year-low-robinhood/)

The Federal Reserve left its target range at 3.75% to 4% on October 28, in a 10-2 vote. Governor Lisa Cook and Cleveland Fed President Beth Hammack both preferred a quarter-point increase. Fortune reported that it was the first time since 1…

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