Bitcoin in 'Wait and See Mode' as Investors Await Federal Reserve Rate Decision

Bitcoin has not moved more than 6% over the past month, and every top five cryptocurrency has failed to move more than 2% over the past seven days, with the Crypto Fear and Greed Index at a neutral score of 47. Market analysts suggest this low-volatility period could signal an incoming bull market, with one expert stating Bitcoin is in "wait and see mode" pending the Federal Reserve's rate decision on October 28. Conversely, Carlos Guzman, vice president of research at crypto trading firm GSR, said the market is standing still due to a "risk-off" sentiment driven by complex macro situations and fears around AI stocks.