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Bitcoin Cash drops 6% below key 200-day average after Fed holds rates, signaling no rate cuts soon

Technical Signals
29 Oct 2026, 12:33 WIB
CryptoTicker
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Bearish
Bitcoin Cash drops 6% below key 200-day average after Fed holds rates, signaling no rate cuts soon

Bitcoin Cash fell nearly 6% to $279.87 on October 29, 2026, dropping below its 200-day moving average of $286.19 after the Federal Reserve decided to keep interest rates steady at 3.75-4.00%. Two Fed officials voted for a rate hike, signaling tighter monetary policy and dashing hopes of rate cuts. This decline is sharper than Bitcoin and Ether, reflecting Bitcoin Cash's thinner market depth and leveraged positions. Investors should watch the 200-day line as a key medium-term trend indicator, with the next Fed decision scheduled for December 9, 2026.

Bitcoin Cash is trading at Rp5.099.382 on Pluang as of October 29, 2026, 16:51 WIB, showing a 7.43% decline in one day. The market cap stands at Rp101,92 trillion, indicating significant investor interest despite recent volatility. Sell orders make up 42% of activity, with typical holders keeping their positions for about 69 days.

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