Bitcoin trades near $79,000 as Fed rate uncertainty, selling pressure weigh on crypto markets
Traders cut risk as liquidations topped $431 million and spot bitcoin ETFs saw $772 million in outflows, according to CoinGlass and Farside Investors.
- Bitcoin retreated below $80,000 on Monday, October 26, 2026, falling to under $79,300 in afternoon Asia trading as broader risk-off sentiment ahead of a Federal Reserve meeting weighed on cryptocurrencies.
- Concerns over the artificial intelligence trade and high oil prices drove the selloff, prompting investors to pull $772.4 million from US-listed spot Bitcoin ETFs on Thursday and Friday—a sharp reversal from earlier inflows.
- Smaller tokens followed the trend, with Ether dropping nearly 3% to just above $2,300, while XRP lost about 3% to $1.28 and Solana slid 2% to barely hold $100.
- Traders are now focused on Wednesday's Federal Reserve policy decision, with rate futures pricing a 90.6% chance that policymakers under Fed Chair Kevin Warsh will hold the current range this week.
- Beyond the Fed, US GDP and PCE inflation figures are due Thursday, October 29, 2026, while roughly $11 billion in Bitcoin options expire on Friday, adding pressure points for volatile trading ahead.
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The Economic Times
Times of IndiaBitcoin trades near $79,000 as Fed rate uncertainty, selling pressure weigh on crypto markets
Bitcoin slipped near $79,000 as investors awaited the Federal Reserves policy decision. ETF outflows, macroeconomic uncertainty and selling pressure weakened sentiment, while traders monitored $78,000 support, inflation data and institutional demand for potential market direction.
The updated value of Bitcoin and the comparison with the previous day.The keys to understanding the volatility of the main cryptocurrency in the market.
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Bitcoin faces more downside pressure as buyers struggle to stop the ongoing price decline. Analyst Ted Pillows identified $78,000–$79,000 as the next key support zone, citing more than $80 million in buy orders clustered within that range.Visit Website
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