Overview:

• Bitcoin holds near USD 80,847 as the Fed decision and December hike talk steer sentiment.

• Zcash, Hyperliquid and Dogecoin lead the top coins as markets stay in the green.

• Support near USD 79,000 and resistance near USD 81,700 stay in focus.

Bitcoin trades near USD 80,847 on October 28 as investors wait for the Federal Reserve decision. The largest cryptocurrency gained 1.5% in 24 hours, with USD 81,000 now the level to watch.

Zcash and Hyperliquid lead the top coins with gains of 7.6% and 4.8%. Talk of a December rate hike keeps risk appetite subdued. 

Bitcoin Price Today

Bitcoin trades at USD 80,847.26, up 1.5% in the past 24 hours, according to CoinGecko. Its market capitalization stands near USD 1.63 trillion, while 24-hour volume reached USD 23.71 billion.

Mudrex: Fed Hike Odds Shape Sentiment

Prateek Gupta, Head of Business at Mudrex, said Bitcoin is consolidating near USD 80,000 before the Fed decision. Markets expect rates to remain between 3.75% and 4%, with an 82% probability of a December hike priced in. A move above USD 82,500 adds momentum, with support at USD 79,500.

Delta Exchange: Buyers Defend the Demand Zone

Riya Sehgal, Research Analyst at Delta Exchange, said buyers stepped in near USD 79,200 to USD 79,600 repeatedly. Bitcoin briefly recovered toward USD 81,000, though the USD 81,000 to USD 81,700 zone remains a technical barrier. Ethereum lags near USD 2,360, with resistance at USD 2,395 to USD 2,415.

Giottus: Caution Rules Before the Fed

Vikram Subburaj, CEO of Giottus.com, said investors stay cautious as the Fed's December guidance could shape risk appetite. Immediate resistance sits near USD 80,900 to USD 81,000, while support lies around USD 79,000. Giottus advises staggered entries and measured position sizes ahead of the announcement.

Also Read: Over 55% of Bitcoin Supply Remains Unattributed, Galaxy Research Finds

WazirX: Equity Strength Supports the Rebound

Nischal Shetty, Founder of WazirX, said stronger equities and Fed pause bets lifted Bitcoin above USD 80,000. Support sits at USD 80,000 to USD 80,400, followed by USD 77,700 to USD 78,000. Resistance remains at USD 81,100 to USD 81,700, where rising volume would add credibility.

Crypto Prices Today: Top 12 Coins at a Glance

Source: CoinGecko, prices as of today's session.

Biggest Gainers and Losers Today

Zcash led the top twelve with a 7.6% gain, followed by Hyperliquid at 4.8% and Dogecoin at 2.9%. Tether and USDC stayed flat, while TRON and Figure Heloc posted the smallest gains at 0.6% each.

Crypto News Today: Top Headlines Impacting Prices

Fed Decision Lands Today With Rate Hold Expected

The Federal Reserve announces its decision at 2 p.m. ET, with Chair Kevin Warsh speaking at 2:30 p.m. Traders expect rates to stay at 3.75% to 4%, with only a small chance of a hike. Bitcoin trades near USD 80,847 ahead of the verdict.

Warsh's tone on a possible December hike matters more than the hold itself. The next policy meeting follows on December 8 and 9, so guidance carries real weight. Bitcoin and equities may react sharply to any hawkish signal.

Bitcoin Options Expiry Adds Volatility Risk

A large batch of Bitcoin options contracts worth more than USD 11 billion expires on Deribit this Friday. Traders often adjust positions around such expiries, which can stretch intraday ranges. Fed guidance today may therefore shape positioning into Friday.

Bitcoin has traded inside a tight range for almost a month. A decisive move beyond USD 81,000 or below USD 79,000 would likely end that compression. The USD 82,000 level remains the line bulls need to reclaim for a stronger recovery.

Big Tech Earnings and GDP Test Risk Appetite

Microsoft, Alphabet, Amazon and Intel report earnings this week, with AI valuation worries already weighing on risk assets. China's STAR50 index fell 4.8%, while the Nasdaq added 1.18% on Tuesday, according to Mudrex and WazirX. Crypto has stayed resilient so far.

Third-quarter GDP and PCE inflation data follow on Thursday, October 29. Stronger growth could reinforce the Fed's cautious stance. Softer figures may ease hike fears and support Bitcoin above USD 80,000. Elevated bond yields also limit confidence in a sustained crypto recovery.

Bitcoin ETFs Snap Outflow Streak as Ether Funds Bleed

US spot Bitcoin ETFs attracted USD 110.34 million on Monday, ending two sessions of outflows worth USD 773.4 million. BlackRock's IBIT supplied the entire inflow. None of the other eleven funds recorded net buying on the day.

Ethereum ETFs lost USD 88.58 million on the same day, led by USD 104.71 million of outflows from BlackRock's ETHA. October redemptions now exceed USD 1.1 billion, the heaviest monthly exit this year. Ethereum trades at USD 2,353.15, up 1.8%.

Strategy Skips Bitcoin Buys, Funds STRC Buybacks

Strategy bought no Bitcoin last week, according to its Monday SEC filing. It spent USD 204.9 million repurchasing 2.07 million STRC preferred shares. Its holdings remain at 848,517 BTC, acquired at an average price of USD 75,446 per coin.

The buybacks cut its USD cash balance by 46% to USD 242.4 million. Since October began, Strategy spent about USD 664 million on STRC repurchases, against USD 72.3 million on Bitcoin. Bitcoin trades above that cost basis today.

Also Read: South Korea Weighs Crypto Education Tax on Upbit & Bithumb

Investor and Market Outlook

Bitcoin trades near USD 80,847, with support at USD 79,000 and resistance near USD 81,700. Today's Fed verdict will set direction, so investors should favor staggered entries, modest sizing and low leverage.

FAQs

1.What is the Bitcoin price today? 

Bitcoin trades at USD 80,847.26, up 1.5% over the past 24 hours, per CoinGecko. Its market capitalization stands near USD 1.63 trillion, while 24-hour trading volume reached USD 23.71 billion.

2.Why is Bitcoin consolidating near USD 80,000? 

Traders are waiting for the Fed decision and guidance on a possible December rate hike. ETF inflows of USD 110.34 million offered some support, although cumulative October flows remain negative for the month.

3.Which coins moved the most today? 

Zcash gained 7.6%, Hyperliquid rose 4.8% and Dogecoin added 2.9% among the top twelve coins. Stablecoins held near USD 1, while TRON and Figure Heloc posted the smallest gains among volatile assets.

4.What should investors watch today? 

Watch Bitcoin support near USD 79,000 and the Fed verdict, where markets expect rates to hold at 3.75% to 4%. Thursday's GDP data and Friday's options expiry could add volatility.