Bitcoin hovers near $80,300 as Fed meeting begins and ETF flows turn
Bitcoin held near $80,287 as the Fed began a two-day meeting and spot ETFs drew $110 million, while Fear & Greed eased to 48 and Solana and Cardano lagged.
Live chart · BTCUSD, ETHUSD, SOLUSDT, XRPUSD · TradingView
Bitcoin slipped briefly below $80,000 on Tuesday before recovering to about $80,287, as the US Federal Reserve opened a two-day policy meeting. Crypto lagged a rally in Asian tech stocks, according to CoinDesk, while US spot Bitcoin ETFs returned to inflows after a large exit.
Bitcoin
Bitcoin traded at $80,287 in the CoinGecko snapshot at 15:20 UTC. That is 0.27% lower over 24 hours and 2.18% lower over seven days. The 24-hour range ran from $79,416 to $80,446. Volume was $23.7 billion.
CoinDesk reported that Bitcoin fell 0.4% to around $79,700 after midnight UTC as Asian tech shares rose, and that its DeFi index dropped 1.8%. In a separate live update, CoinDesk noted that interest rates and oil were slipping and equities were rising, yet crypto remained under pressure. Chart: BTC/USD on TradingView.
Ether and the majors
Ether was flat on the day at $2,332.39 but down 3.19% on the week. Solana and Cardano were the weakest large coins. XRP led with a 1.2% daily gain, although CoinDesk's day-ahead note said Ripple's bank approval had failed to bolster the token.
| Coin | Price (USD) | 24h % | 7d % |
|---|---|---|---|
| Ether | 2,332.39 | +0.07 | -3.19 |
| BNB | 744.37 | +0.02 | +1.47 |
| XRP | 1.32 | +1.20 | +0.56 |
| Solana | 100.61 | -1.54 | -4.31 |
| Dogecoin | 0.077837 | 0.00 | -2.71 |
| Cardano | 0.204473 | -1.14 | -6.69 |
Breadth and sentiment
Total crypto market value stood at $2.709 trillion, per CoinGecko. Bitcoin dominance was 59.4% and Ether's share was 10.5%. BNB was the only major in the table with a weekly gain.
The Crypto Fear & Greed Index eased to 48 from 50, staying in Neutral. It has drifted lower from 68 (Greed) on October 22, with a brief bounce to 54 on October 25.
News drivers
ETF flows. US spot Bitcoin ETFs took in $110 million on Monday after a $774 million exit, Cointelegraph reports. The funds were still about $202 million in net outflows for October.
Split views on Bitcoin. Galaxy argued that improving price trends, resilient ETF demand and rising US debt support a recovery towards Bitcoin's previous high, according to CoinDesk. In contrast, investor Jason Calacanis said Bitcoin is going to $57,000 and urged a shift into AI, CoinDesk reports.
Tokenization. Janus Henderson and Centrifuge launched an issuer-sponsored Nasdaq-100 fund on Stellar, CoinDesk reports. CoinDesk also reported that CF Benchmarks is bringing its pricing infrastructure onchain, including data used by BlackRock.
Miners and AI. Bitcoin mining firm Luxor raised $16 million in a CMT Digital-led round to expand into AI compute trading, hardware and derivatives, Decrypt reports.
What to watch next
- Fed decision. The Fed's two-day meeting began Tuesday, per CoinDesk. For the currency side, see our sister site's take on the dollar ahead of the Fed and BoJ decisions.
- Robinhood earnings. Decrypt flags whether CEO Vlad Tenev will address the fight over tokenized stocks on today's call.
- Binance in Brazil. Binance filed for a Brazilian license ahead of a Friday deadline and is delisting 22 assets for local users, Cointelegraph reports.
- ETF flows. Whether Monday's inflow extends will show if October's net outflow narrows.
How we make this article: software gathers the market data and the news from the sources linked in the article, then cross-checks them. AI writes the text. People choose the sources, set the rules and run the process. Not investment advice.