Bitcoin trades near $79,000 as Fed rate uncertainty, selling pressure weigh on crypto markets
ETF outflows topped $635.5 million as traders cut leveraged bets and braced for a Federal Reserve rate decision, data showed.
- On October 26, Bitcoin slipped below the $80,000 psychological support level, testing intraday lows near $79,300 as traders cut risk ahead of the Federal Reserve's policy meeting.
- Investors withdrew roughly $772 million from U.S. spot Bitcoin exchange-traded funds on October 22 and October 23 according to Farside Investors, as Bitcoin's correlation with tech stocks intensified amid AI valuation concerns.
- Glassnode reports that spot Bitcoin ETF holders and corporate treasuries maintain a cost basis between $80,000 and $81,500, placing major institutional buyers near breakeven as liquidations pressured prices downward.
- Federal Reserve policymakers held interest rates at 3.75%–4.00% yesterday, with markets monitoring Chair Kevin Warsh's press conference for guidance on potential December rate increases.
- Bitcoin faces multiple volatility catalysts through month-end, including the CME FedWatch tool showing 80% odds of a December rate hike and roughly $11 billion in options expiring October 30.
116 Articles
116 Articles
Bitcoin falls below $80,000 despite ETF inflows as Fed’s hawkish stance fuels caution
Crypto analysts suggest investors use staggered entries, keep position sizes measured and monitor Bitcoin’s support levels, ETF flows, and upcoming US economic data before increasing exposure.
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.
Bitcoin Holds Near $79,700 As AI Sector Rout Spills Into Crypto Markets: (NASDAQ: BMNR), (NYSE: ASST), (NASDAQ: MSTR) React
Bitcoin (BTC) was struggling to stay above $80,000 on Monday, trading at approximately $79,700 and on pace to close at its weakest level since mid-September. The roughly 0.8% decline over the preceding 24 hours followed a weekend selloff, placing digital assets squarely in the crosshairs of broader market turbulence driven by mounting anxiety over artificial […]
The Fed decides on the US central rate. While the markets expect a pause in interest rates, analysts warn of further increases. Bitcoin threatens new pressure.
Bitcoin operates in a slight fall on Monday (26), close to US$ 80 thousand, after falling to US$ 79,2 thousand on the weekend. The fall occurred amidst tensions in the Middle East and was enlarged by the forced closure of leveraged positions. This morning, the oil fall brought some relief, although the market remains cautious before the Federal Reserve (Fed) interest decision on Wednesday. At around 10.50 a.m., bitcoin fell 0.3% in 24 hours, to …
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