The US Federal Reserve held its benchmark rate at 3.75%–4.00%, as expected, but two officials voted for a 25-basis-point hike. Bitcoin then fell below $80,000, according to market reports published on October 29, 2026.
What the Fed decided
- The rate stayed at 3.75%–4.00% (KuCoin).
- Two members voted for a hike. U.Today names them as Lisa Cook and Beth Hammack.
- U.Today reports that the odds of a December rate hike rose to 83%, from 49% a month earlier.
How the market moved
- Bitcoin was at $79,988, down 1.53% in 24 hours, according to U.Today.
- ETH/BTC was at 0.02899, which U.Today describes as a multi-month low.
- XRP was at $1.287 (−2.79%) and SOL at $100.33. HYPE rose 9.14% to $87.39.
- Total crypto market value was $2.77 trillion, and Bitcoin’s share was 60.05%.
Liquidations in 24 hours
Coinglass data cited by U.Today shows $342.25 million in liquidations across 83,198 positions.
| Item | Amount |
|---|---|
| Long positions | $220.44M (64.4%) |
| Short positions | $121.81M (35.6%) |
| Bitcoin | $72.66M |
| Ethereum | $71.73M |
| Solana | $11.15M |
| XRP | $5.41M |
Binance handled 46.9% of the forced closures.
ETF flows
- Bitcoin ETFs took in $27.53 million, ending a three-day outflow streak.
- Ethereum ETFs recorded $21.16 million in outflows.
Levels cited by U.Today
U.Today points to Bitcoin support near $79,080, where about $146 million in long positions could be liquidated if the price breaks below it. Resistance is near $87,091, where about $131 million in short positions sit.
Coming up
- October 30: Bank of Japan rate decision. Earnings from Amazon, Coinbase, Intel and SanDisk. The CARDS token unlock.
- October 31: The FLOCK token unlock.
Note on the data
These figures come from two reports. KuCoin’s report uses prices from 00:00 UTC on October 29 and shows Bitcoin near $81,340, before the move. Prices change quickly, so check a live source before you rely on any number.
Sources: KuCoin, Crypto Daily Market Report, October 29, 2026; U.Today, $342 Million Crypto Bloodbath as Bitcoin and XRP Longs Smashed
This is information only, not financial advice.