Crypto snapshot, Oct 29, 2026: risk-off after the Fed.
Bitcoin slipped below $80,000 after the Fed meeting failed to give risk assets the reassurance traders wanted. Ether is near $2,308, Solana near $99.67 and $XRP near $1.29, with nearly every major coin down on the day, as the chart shows. $BNB was the only one to hold up.
What's driving it
Macro: The Fed held rates as expected, but two officials argued for a hike. Bitcoin has also been trading closely with tech stocks, so Alphabet's results and Samsung's chip miss hit crypto too.
Leverage: About $356 million in leveraged positions, mostly longs, were reset in 24 hours, which made the drop worse.
Ethereum: US spot Ether ETFs saw continued outflows, with $21.41 million net out on October 28.
Levels to watch
BTC: Holding $79,000–$80,000 would calm some concerns. Resistance sits around $81,500–$81,750.
$ETH : $2,295 is the support level, and $2,400 is the first level to reclaim.
#FedWatch #EarningsSeason
Bitcoin slipped below $80,000 after the Fed meeting failed to give risk assets the reassurance traders wanted. Ether is near $2,308, Solana near $99.67 and $XRP near $1.29, with nearly every major coin down on the day, as the chart shows. $BNB was the only one to hold up.
What's driving it
Macro: The Fed held rates as expected, but two officials argued for a hike. Bitcoin has also been trading closely with tech stocks, so Alphabet's results and Samsung's chip miss hit crypto too.
Leverage: About $356 million in leveraged positions, mostly longs, were reset in 24 hours, which made the drop worse.
Ethereum: US spot Ether ETFs saw continued outflows, with $21.41 million net out on October 28.
Levels to watch
BTC: Holding $79,000–$80,000 would calm some concerns. Resistance sits around $81,500–$81,750.
$ETH : $2,295 is the support level, and $2,400 is the first level to reclaim.
#FedWatch #EarningsSeason
