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Fed holds rates steady, Bitcoin faces pressure amid inflation worries and mixed whale activity.

Market News
29 Oct 2026, 13:58 WIB
Blockonomi
View Source
Neutral
Fed holds rates steady, Bitcoin faces pressure amid inflation worries and mixed whale activity.

The US Federal Reserve kept interest rates at 3.75% to 4% in a 10-2 vote, signaling ongoing inflation concerns. Traders now see a 78.4% chance of a rate hike in December. Bitcoin is under pressure as it competes with near 4% risk-free returns, with mixed signals from whales moving large amounts of BTC both onto and off exchanges. Key upcoming events include the US inflation report, GDP data, and a $12 billion Bitcoin options expiry, which could influence market direction.

Bitcoin price moves provide context for Pluang's cryptocurrency market snapshot as of Oct 29, 2026 17:53 WIB. Among 50 major cryptocurrencies, only 7 rose while 42 fell. Algorand (ALGO) shows a steep 3.55% drop with 96% sell order activity, contrasting with PancakeSwap (CAKE) which fell 3.31% but had a majority 57% buy order activity. The Graph (GRT) declined 3.76% with a balanced 60% buy activity and a typical hold time of 99 days.

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