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Bitcoin holds near USD 80,361 as the Fed hold and December hike talk steer sentiment.
Zcash, XRP and Hyperliquid lead the losses, while BNB posts a modest gain.
Support near USD 78,000 and resistance near USD 81,800 stay in focus.
Bitcoin trades near USD 80,361 on October 29 as investors weigh the Federal Reserve's hawkish hold. The largest cryptocurrency lost 1.1% in 24 hours, with USD 81,000 now acting as resistance.
Zcash, XRP and Hyperliquid lead the losses among the top coins, while BNB posts a modest gain. Two dissenting Fed votes keep December hike talk alive, and traders stay cautious.
Bitcoin trades at USD 80,361.08, down 1.1% in the past 24 hours, according to CoinGecko. Its market capitalization stands near USD 1.62 trillion, while 24-hour volume reached USD 27.18 billion. The price also sits 3.3% lower over seven days.
Prateek Gupta, Head of Business at Mudrex, said Bitcoin hovered near USD 81,000 after the Fed hold. Markets price an 86% chance of a December hike. Glassnode notes 4 million BTC bought between USD 85,000 and USD 118,000 sits underwater. Resistance stands at USD 81,800 and support at USD 78,000.
CoinSwitch Markets Desk said Bitcoin climbed above USD 81,000 after the Fed held rates at 3.75% to 4%, as expected. The Fed cautioned that inflation stays elevated. US spot Bitcoin ETFs logged three straight days of net inflows, which signals improving demand. Strong tech earnings could extend the recovery.
Vikram Subburaj, CEO of Giottus.com, said Bitcoin traded near USD 81,200 after recovering from recent lows. Resistance sits near USD 81,950, while support lies around USD 80,770. ETF flows turned positive on October 26 after heavy outflows on October 22 and 23. He advises staggered entries and measured position sizes.
Also Read: Over 55% of Bitcoin Supply Remains Unattributed, Galaxy Research Finds
Nischal Shetty, Founder of WazirX, said Ethereum held near USD 2,312 after testing USD 2,300. Resistance sits at USD 2,325 to USD 2,370. Treasury yields near 5% and Brent above USD 115 keep inflation worries alive. Ether ETFs added USD 23.4 million. Profit-taking can blunt that demand.
Source: CoinGecko, prices as of today's session.
Zcash led the losers with a 5.7% drop, followed by XRP at 3.0% and Hyperliquid at 2.9%. Dogecoin fell 1.9% and Solana lost 1.8%. Losses were broad across large caps. BNB gained 1.0%, while Tether, USDC and TRON stayed flat.
The Federal Reserve held rates at 3.75% to 4% in a 10-2 vote. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented in favor of a quarter-point hike. The statement said activity is expanding strongly and inflation remains elevated.
Chair Warsh said the Fed will hold fewer rate-setting meetings, with only six in 2028. Bloomberg reports bond traders price in about a 90% chance of a December hike. Bitcoin briefly dipped under USD 80,000 after those signals, and altcoins followed lower.
CryptoQuant data shows Bitcoin returned negative 4.2% in October, against an average gain of 18.1% since 2020. Spot demand has stayed negative daily since October 14. Thirty-day apparent demand sits at negative 76,000 BTC as of October 25.
Trader profit margins fell from 33% to 8%, which thins the cushion for dip buyers. CryptoQuant marks support between USD 73,000 and USD 77,600. Analysts also note the average ETF holder cost basis sits near USD 81,500, just above spot.
MARA Holdings moved 1,000 BTC, worth about USD 80.66 million, to BitGo overnight, according to PANews. The transfer is the fourth large move from the miner in October. Traders closely track such custody moves, as they can precede spot sales.
CoinMarketCap reported that MARA moved 4,860 BTC in October, equal to six months of output. The USD 81,000 to USD 81,800 zone already caps rebounds. Fresh miner supply matters more while ETF demand stays thin. Further transfers would add pressure.
HyperLabs applied to unstake 179,706 HYPE, valued at USD 14.49 million, with arrival expected on November 4. The move follows earlier team unlock cycles in recent months. Tokens usually reach team members first, then trade over the counter through Flowdesk.
Hyperliquid still dominates perpetual DEX activity. Open interest across the sector rose 76% in the third quarter to about USD 24 billion. Hyperliquid held about 53% of it. HYPE still fell 2.9% in 24 hours, so leadership has not shielded the token.
Ripple CEO Brad Garlinghouse said Ripple will never give up on XRP, answering rumors of a shift toward RLUSD. Ripple expects USD 900 million in annualized product revenue by year-end. RLUSD market capitalization has reached USD 2.6 billion.
Coinbase now supports RLUSD transfers on Base, Ethereum and XRPL. Even so, XRP fell 3.0% in 24 hours to USD 1.30 and has dropped nearly 30% this year. Ripple also won OCC approval for a national trust bank.
DTCC announced its tokenization service is live, with 34 securities initially eligible. Tokens are backed 1:1 by securities held in custody at DTC, which holds roughly USD 30 trillion in assets. Built-in compliance controls track ownership in near real time.
Holders keep the same legal and economic rights as the underlying securities. Early partners include BitGo, Blockdaemon, Fireblocks, HashKey and Tradeweb. Wallet transfers run around the clock on a peer-to-peer basis, and CUSIP codes stay identical across markets
Bitcoin trades near USD 80,361, with support near USD 78,000 and resistance near USD 81,800. Hike odds and thin ETF demand cap rebounds. Third-quarter GDP and PCE inflation data arrive today, so investors should favor staggered entries, modest sizing and low leverage.
Also Read: Robinhood Crypto Revenue Drops 55%: Prediction Markets Surge
What is the Bitcoin price today?
Bitcoin trades at USD 80,361.08, down 1.1% over the past 24 hours, per CoinGecko. Its market capitalization stands near USD 1.62 trillion, while 24-hour trading volume reached USD 27.18 billion, keeping liquidity firm.
Why is Bitcoin struggling near USD 80,000?
Traders weigh the Fed's 10-2 hold and elevated December hike odds. Weak spot demand and miner transfers add pressure. Resistance near USD 81,800 has capped each rebound attempt over recent sessions.
Which coins moved the most today?
Zcash fell 5.7%, XRP dropped 3.0% and Hyperliquid lost 2.9% among the top twelve coins. BNB gained 1.0%, while Tether, USDC and TRON held flat near their previous levels, showing limited stablecoin stress.
What should investors watch today?
Watch Bitcoin support near USD 78,000 and resistance near USD 81,800. Third-quarter GDP and PCE inflation data arrive today. Fed commentary on a December hike will keep volatility elevated for traders.
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