Bitcoin is trading near $80,000–$81,000 on Thursday, October 29, 2026, after a volatile session that saw prices briefly dip below $80K before recovering . The flagship cryptocurrency was down roughly 1.5% at around **$80,028** in recent trading, erasing earlier gains tied to the Federal Reserve's rate decision .
The Fed held interest rates steady at 3.75%–4.00% on Wednesday, but the decision was not unanimous—two officials dissented in favor of a quarter-point hike . That hawkish tilt dampened risk appetite, and long positions bore the brunt of the selloff, with **$53.43 million** in longs liquidated over 24 hours out of $72.73 million total . Traders are now eyeing U.S. PCE inflation data later today as the next catalyst .
On-chain data offers a mixed picture. Glassnode analysts note that long-term holders own roughly 4 million BTC acquired between $85,000 and $118,000, meaning many are underwater at current levels . Meanwhile, U.S. spot Bitcoin ETFs saw **$137.3 million** in inflows on October 28, extending a three-session streak totaling $423.6 million—though participation remains concentrated in BlackRock's IBIT . Technically, BTC needs to hold the $80,700–$81,000 support zone and clear resistance at $81,500–$81,750 to regain upward momentum .
Sentiment remains cautious. The Crypto Fear and Greed Index sits at 46, in neutral territory, down from 54 a week ago . With inflation data pending and geopolitical tensions in the Middle East keeping risk appetite in check, volatility is likely to persist in the near term .$NVDAB $AMZNB #BrazilCryptoExchangesMustApplyForLicensesByFriday #StanDruckenmillerBecomesInvestorInTradeXYZ #AlphabetSharesSlide10%InLateTrading
The Fed held interest rates steady at 3.75%–4.00% on Wednesday, but the decision was not unanimous—two officials dissented in favor of a quarter-point hike . That hawkish tilt dampened risk appetite, and long positions bore the brunt of the selloff, with **$53.43 million** in longs liquidated over 24 hours out of $72.73 million total . Traders are now eyeing U.S. PCE inflation data later today as the next catalyst .
On-chain data offers a mixed picture. Glassnode analysts note that long-term holders own roughly 4 million BTC acquired between $85,000 and $118,000, meaning many are underwater at current levels . Meanwhile, U.S. spot Bitcoin ETFs saw **$137.3 million** in inflows on October 28, extending a three-session streak totaling $423.6 million—though participation remains concentrated in BlackRock's IBIT . Technically, BTC needs to hold the $80,700–$81,000 support zone and clear resistance at $81,500–$81,750 to regain upward momentum .
Sentiment remains cautious. The Crypto Fear and Greed Index sits at 46, in neutral territory, down from 54 a week ago . With inflation data pending and geopolitical tensions in the Middle East keeping risk appetite in check, volatility is likely to persist in the near term .$NVDAB $AMZNB #BrazilCryptoExchangesMustApplyForLicensesByFriday #StanDruckenmillerBecomesInvestorInTradeXYZ #AlphabetSharesSlide10%InLateTrading