Bitcoin trades near $79,000 as Fed rate uncertainty, selling pressure weigh on crypto markets
Leveraged liquidations and ETF outflows added pressure as traders priced only a 12% chance of a Federal Reserve rate hike, analysts said.
- On October 26, 2026, Bitcoin slipped below the $80,000 psychological support level as traders reduced risk ahead of the Federal Reserve's October 27–28 policy meeting.
- Institutional investors withdrew approximately $773.5 million from U.S. spot Bitcoin exchange-traded funds across October 22 and 23, reversing a prior buying streak that had attracted over $1 billion.
- Selling pressure intensified as Bitcoin tested $79,332, triggering over $154.23 million in liquidations affecting 62,000 traders, with long positions accounting for $117.99 million of losses.
- Federal Reserve policymakers are expected to hold interest rates at 3.75%–4.00% during the October 27–28 meeting, with investors awaiting Chair Kevin Warsh's press conference for guidance.
- Market volatility risks extend through the week, with the September personal consumption expenditures inflation report scheduled for October 29 and an estimated $11 billion Bitcoin options expiry on October 30.
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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 Another Drop as $80M in Buy Orders Cluster at $78K–$79K
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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