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Bitcoin slips below USD 80,000 as oil prices, Iran tensions and Fed hike talk pressure investor sentiment.
Liquidations above USD 810 million and spot ETF outflows keep traders focused on USD 79,000 and USD 82,000.
Ethereum and XRP lead major losses as Solana and Dogecoin trade lower ahead of the Fed decision.
Bitcoin trades near USD 80,096 on October 26 after slipping below USD 80,000 in early Asian hours. Traders are cutting risk ahead of Wednesday's Federal Reserve decision.
The weekend selloff pushed Bitcoin to USD 79,146, its weakest level in over a month. Brent crude near USD 114 and December rate hike talk keep risk appetite thin.
Bitcoin trades at USD 80,096.02, down 1.0% in the past 24 hours, according to CoinGecko. Its market capitalization stands near USD 1.61 trillion, while 24-hour volume reached USD 18.00 billion.
Prateek Gupta, Head of Business at Mudrex, said Bitcoin touched USD 79,000, its lowest since September 18. Spot ETFs still logged over USD 300 million in weekly inflows. Bitcoin must defend USD 79,000, with resistance near USD 82,000.
CoinSwitch Markets Desk noted Bitcoin steadied near USD 80,400 after a weekend low of USD 79,146. It remains below the 50-day moving average near USD 81,700. Support sits around USD 78,000, while elevated oil keeps inflation worries alive.
Riya Sehgal, Research Analyst at Delta Exchange, hinted that Bitcoin might stay bearish on the four-hour chart. USD 78,000 to USD 80,000 is the key demand zone. A break below USD 79,000 exposes USD 78,000, while USD 81,500 to USD 82,000 signals stabilization.
Nischal Shetty, Founder of WazirX, said Bitcoin held near USD 79,567 in a short-term pullback. Support sits at USD 79,000 to USD 79,500, followed by USD 77,500. A recovery above USD 80,700 to USD 81,200 could improve momentum.
Source: CoinGecko, prices as of today's session.
Tron was the only gainer among the top coins, rising 0.4%. Ethereum and XRP led the losers with 1.8% drops each. Solana and Dogecoin followed at 1.1%, while Bitcoin slipped 1.0% and stablecoins held near USD 1.
Bitcoin slipped nearly 2% to about USD 79,800 during Asian hours on Monday as traders trimmed risk. Goldman Sachs cut its Kospi target by 25%, extending the AI trade selloff across the region. Tron stayed the only major token in the green.
Jeff Mei, COO at BTSE, said investors are watching whether Fed Chair Kevin Warsh hints at a December hike. Bitcoin must reclaim USD 82,500, the floor lost last Thursday, before buyers can call this dip a pause.
Bitcoin fell to USD 79,146 on Saturday, its first move below USD 80,000 since October 15. Exchanges liquidated more than USD 810 million in positions within 24 hours, including approximately USD 689 million in longs. Thin weekend liquidity amplified the move.
US spot Bitcoin ETFs recorded USD 635.6 million in net outflows on October 22, per CoinCentral. One analyst expects a bottom near USD 74,000 to USD 75,000. Friday's options expiry adds another test for bulls.
Brent settled at USD 116.72 on Friday, its highest since April 29, after Houthi strikes on Saudi Arabia. Energy costs remain the main reason markets price a December Fed hike at 80% to 90%.
Brent eased about 2% to near USD 114 on Monday as President Donald Trump called it decision time on Iran. Crypto reacts as a high-beta risk asset. The US midterms follow on November 3.
The Ethereum Foundation postponed the Glamsterdam upgrade on the Hoodi testnet, scheduled for Monday. No new activation date has been set. Security developers flagged risks to existing contracts, according to CoinDesk.
Ether ETF outflows passed USD 1 billion in October, according to Cointelegraph. Ethereum trades at USD 2,320.52, down 1.8%. Delta Exchange marks USD 2,290 to USD 2,300 as immediate support.
Solana activated the first phase of its Alpenglow upgrade on mainnet. Votor replaces the existing voting and finalization system with direct validator voting and certificates. Analysts expect headline transaction counts to fall by about 60%.
A later phase brings Rotor, a new block data distribution protocol meant to replace Turbine. Solana trades at USD 101.21, down 1.1%, with USD 1.82 billion in 24-hour volume.
Bitcoin trades near USD 80,096, with USD 79,000 and USD 78,000 as key supports. Resistance sits near USD 82,000. Wednesday's Fed decision and Friday's options expiry set direction. Investors should favor staggered entries, modest sizing and low leverage.
What is the Bitcoin price today?
Bitcoin trades at USD 80,096.02, down 1.0% over the past 24 hours, per CoinGecko. Its market capitalization stands near USD 1.61 trillion, while 24-hour trading volume reached USD 18.00 billion.
Why did Bitcoin slip below USD 80,000?
Traders cut risk ahead of the Fed meeting, while Brent crude near USD 114 kept inflation worries alive. Over USD 810 million in liquidations on Saturday added pressure as ETF outflows weighed on sentiment.
Which coins moved the most today?
Among the top coins, Ethereum and XRP fell 1.8% each, while Solana and Dogecoin lost 1.1%. Tron was the lone gainer at 0.4%, and Tether and USDC held steady near USD 1.
What should investors watch this week?
Track Bitcoin support near USD 79,000 and the October 27 to 28 Fed meeting, where markets expect a hold. Any December hike hint from Chair Kevin Warsh would pressure risk assets further.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments are subject to market risks. Readers should conduct their own research before making any investment decisions.
