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# Bitcoin fell to $82.8K after the release of the Fed minutes
- URL: https://dev.axeladlerjr.com/bitcoin-fell-to-82-8k-after-the-release-of-the-fed-minutes/
- Published: 2026-10-08T06:14:28.000Z
- Updated: 2026-10-08T06:15:07.000Z
- Author: Axel Adler Jr.
- Tags: Market cycles, Adler AM: Bitcoin Morning Brief, #Import 2026-11-01 20:37

The minutes from the Fed's September meeting showed that most participants consider another rate hike likely by year-end. By the morning after the release, bitcoin had fallen to $82.8K.

## TL;DR

The Fed remains on a tightening path, while bitcoin continues a decline that began before the minutes were released. We examine the document and changes in the market regime.

### **Minutes of the Federal Open Market Committee**

![](https://dev.axeladlerjr.com/content/images/2026/10/Board-of-Governors-of-the-Federal-Reserve-System.jpg)

Minutes of the Federal Open Market Committee

The minutes from the Fed's September 15-16 meeting confirm its tightening stance. At that meeting, the Fed unanimously raised rates by 0.25 percentage points to 3.75-4.00%. Most participants believed another increase would likely be needed by year-end, but no specific meeting was identified.

The main reason is insufficient progress in bringing inflation down. Fed staff raised their inflation forecast for 2026-2028 and do not expect inflation to return to 2% until 2029\. If new data confirm persistent price pressures, the case for a rate hike will strengthen. Further tightening will raise financing costs and could increase pressure on stocks and bitcoin.

### **Bitcoin Regime Score**

![](https://dev.axeladlerjr.com/content/images/2026/10/Bitcoin-Regime-Score.png)

Bitcoin Regime Score

The minutes were released on October 7 at 18:00 UTC. After the release, bitcoin held at $83.4K for a while, but by 04:00 UTC on October 8, it had fallen to $82.8K. Over that period, the Regime Score fluctuated between -26 and -22, reaching -22 by morning.

The decline began before the minutes were released. Overnight on October 7, the price fell from $85.5K to $83.9K. Over the week, bitcoin fell 1.6%, while the Score declined from -13 to -22.

If the indicator falls below -30, it will enter bearish territory. A return above zero will show that positive signals once again outweigh negative ones.

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### **FAQ**

***Was the entire October 7 decline related to the minutes?*** No. Most of the decline occurred before the release, with the sharp drop beginning overnight, roughly 16 hours before the document came out. From $83.4K in the evening to $82.8K the following morning, the price fell another 0.8%.

***Does a reading of -22 indicate a bear market?*** No. On the Regime Score scale, bearish territory begins below -30\. The indicator is currently in the neutral zone, but its negative reading indicates that bears have the edge.

### **Conclusions**

By the morning after the minutes were released, bitcoin had fallen to $82.8K. The Regime Score remains in the neutral zone, with negative signals outweighing positive ones. A return above zero will indicate an improvement in the balance of signals. A drop below -30 will mark the indicator's transition into bearish territory.

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