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Bitcoin holds steady amid macro pressures, hinting at a possible market bottom forming.

Market News
29 Oct 2026, 20:35 WIB
Tokenpost
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Neutral
Bitcoin holds steady amid macro pressures, hinting at a possible market bottom forming.

Bitcoin has remained within a trading range despite several negative factors including a hawkish Federal Reserve, rising oil prices, strong CPI data, higher bond yields, and a stronger dollar. Additional concerns like a Ledger wallet hack and potential delisting risks have also pressured the market. However, the ability of Bitcoin to hold this range suggests it is absorbing bad news, which may indicate a market bottom is forming. This behavior aligns with previous observations of short-term holder supply levels signaling a potential bottom in the market.

Bitcoin's resilience amid various market pressures is the subject, with Pluang's market snapshot as of Oct 30, 2026 00:31 WIB showing 38 of 50 major cryptocurrencies rose while 11 fell. Notable movers include XTZ at Rp5.151 with a 3.06% increase and 100% sell order activity, AAVE at Rp2.459.580 up 2.91% with nearly balanced buy/sell orders, and EGLD at Rp62.739 rising 2.71% with 91% buy order activity. The most notable figure is XTZ's complete sell order activity despite its price gain.

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