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Bitcoin price dips below $80K after Fed holds interest rates steady amid strong ETF inflows.

Market News
29 Oct 2026, 11:59 WIB
Crypto news
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Bearish
Bitcoin price dips below $80K after Fed holds interest rates steady amid strong ETF inflows.

Bitcoin's price fell 1.5% to around $79,810 following the Federal Reserve's decision to keep interest rates at 3.75%-4%, despite two officials favoring a hike due to persistent inflation. Meanwhile, U.S. spot Bitcoin ETFs attracted over $423 million in inflows across three sessions, signaling strong institutional demand even as Bitcoin's network activity showed little growth. The market faces immediate support near $79,700, with a potential recovery above $82,000 needed to regain momentum. Investors await upcoming inflation data and Fed meeting minutes for further direction.

Bitcoin price movements provide context for this market snapshot from Pluang as of Oct 29, 2026, 15:21 WIB. Among 50 major cryptocurrencies, only 6 rose while 43 fell today. Kusama (KSM) dropped 5.14% to Rp66.016 with 87% of orders selling, while COTI fell 4.95% to Rp183 and The Graph (GRT) declined 4.86% to Rp391, both showing more buying than selling activity.

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