{"id":48425,"date":"2026-10-29T10:22:06","date_gmt":"2026-10-29T10:22:06","guid":{"rendered":"https:\/\/financialrush.com\/?p=48425"},"modified":"2026-10-29T10:22:06","modified_gmt":"2026-10-29T10:22:06","slug":"bitcoins-post-fomc-rollercoaster-continues-as-near-dumps-8-market-watch","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=48425","title":{"rendered":"Bitcoin\u2019s Post-FOMC Rollercoaster Continues as NEAR Dumps 8%: Market Watch"},"content":{"rendered":"

\n<\/p>\n

Although the US Federal Reserve’s decision to keep rates steady was in line with expectations, BTC’s price still experienced some major fluctuations, with the latest being a drop below $80,000.<\/p>\n

The altcoins have dived in the Red Sea today, with almost all posting notable losses, led by BCH and NEAR. BTW, though, has defied the overall trend again.<\/p>\n

BTC Slides to $80K<\/h2>\n

After last Wednesday’s rejection at $85,000, bitcoin went into a major correction on the lower timeframe, dumping to $83,000 within hours and to $81,000 by Thursday. The bearish sentiment prevailed in the following days again and culminated on Saturday with a price drop to $79,100 – BTC’s lowest level in five weeks.<\/p>\n

Although the cryptocurrency tried to rebound by the end of the weekend, it couldn’t really move past<\/a> $80,000 for long. It finally started to regain serious traction on Tuesday and Wednesday morning, when it surged<\/a> to $81,700 ahead of the second-to-last FOMC meeting for the year.<\/p>\n

The Federal Reserve’s decision came with little surprise for the markets, as the central bank maintained<\/a> rates after hiking them in September. Fed Chair Warsh didn’t rule out another increase in December, and BTC’s price volatility ensued. The asset had dipped to $80,500 before the meeting, surged to $81,800 after it, but it was rejected and slumped to $79,600 hours later.<\/p>\n

It has been unable to stage a notable comeback since then, and currently struggles at around $80,000. Its market cap is down to $1.61 trillion on CMC, while its dominance over the alts hangs at 60%.<\/p>\n

<\/a>
BTC\/USD October 29. Source: TradingView<\/figcaption><\/figure>\n

Alts in Red<\/h2>\n

As it typically happens when BTC heads in one direction, the alts follow tightly. Ethereum is down to $2,320 after a 2.14% decline. XRP has dipped below $1.30 after a 3% decline. SOL is back at $100, while ZEC has tanked by more than 5% to $1,250.<\/p>\n

HYPE, DOGE, LINK, and ADA are also well in the red. NEAR and BCH lead the adverse trend, with losses of around 8% each. CC, ENA, and MNT have dropped by up to 7%. BTW is the only major exception. The asset has rocketed by 8% and sits close to $1.90.<\/p>\n

The total crypto market cap has dropped by 1.5% since yesterday, and it’s down to $2.680 trillion on CMC.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview October 29. Source: QuantifyCrypto<\/figcaption><\/figure>\n

 <\/p>\n

The post Bitcoin\u2019s Post-FOMC Rollercoaster Continues as NEAR Dumps 8%: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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