HYPE and ZEC led a broad bounce, with every top token in the green hours before the Federal Reserve’s rate call.
Bitcoin briefly fell below $80,000, triggering approximately $404.15 million in cryptocurrency long liquidations over four hours. The move coincided with heavy withdrawals from US spot Bitcoin exchange-traded funds (ETFs), adding to signs of caution among leveraged traders and some institutional investors.
October 28, 2026, 11:02 amBitcoin's relative win rate against the S&P 500 recovered above 50% in recent sessions, up from about one session in five in June, its weakest stretch in roughly six years, according to Glassnode. Coinbase Institutional's Oct. 23 report found BlackRock's IBIT drawing about $6 billion since Aug.
October 28, 2026, 11:00 am
Bitcoin (BTC) rose 1.54% over the past 24 hours to $80,837, according to BeInCrypto Markets data. The broader crypto market also climbed as technology stocks rallied before the Federal Reserve’s (Fed) rate decision on Wednesday. However, spot and derivatives data show traders preparing for the decision in different ways.
Bitcoin sought to rebuild support at $80,000 while Asian and US tech stocks extended a rebound into key corporate earnings releases.
Investor Mike Alfred says bitcoin will hit $100,000 by Thanksgiving, after BTC reclaimed $81,000 with roughly $2.7 billion in leveraged shorts stacked just above at $84,000. The Confidence Is There Mike Alfred, a longtime investor and bitcoin commentator, did not mince his words, stating unequivocally: Ok, that’s it. I’ve seen enough to call it.
Both bitcoin and the S&P 500 have historically produced positive returns in a year after midterms.
Datavault AI (NASDAQ: DVLT) had a rough trading day on Tuesday, losing nearly 50% of its dollar value after investors learned that the company has been unable to access the Bitcoin it stored on the Biconomy exchange for roughly 4 months.
Crypto traders have received another reminder of the risks of leverage after Bitcoin’s move below $80,000 triggered hundreds of millions of dollars in forced liquidations.
Bitcoin market participants entered October 27 focused on the Federal Reserve's policy discussion and the upcoming interest-rate decision.
US spot Bitcoin ETFs drew $286 million over two days, narrowing October’s net outflows to $26 million as the Crypto Fear & Greed Index remained neutral.
A major Bitcoin-related accounting controversy has shaken investor confidence in Datavault AI, sending its shares down nearly 50% after the company revealed difficulties accessing cryptocurrency associated with a $150 million investment agreement.
$81,206.00 +1.71%
$1.63T Market Cap
$23.63B Total Volume (1.45%)
$126,080 All Time High -35.59%
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