Crypto Market Today, Oct. 26: Bitcoin Slips Below $80,000 as Fed Decision Looms
Major cryptocurrencies weakened amid broader risk aversion as traders await the Fed decision.
On October 26, 2026, the cryptocurrency market continued its downward trend as risk appetite waned. Bitcoin (BTC) slipped below the $80,000 mark, falling 0.28% to $79,817.06, while Ethereum (ETH) declined 0.58% to $2,313.61, and Solana (SOL) dropped 0.94% to $100.30. The market's slide was attributed to two primary factors: traders reducing exposure ahead of the Federal Reserve's interest rate decision on October 28, and a post-quarter rally leading to profit-taking.
Bitcoin Trust ETF (IBIT) declined 1.61%, Fidelity Wise Origin Bitcoin Fund (FBTC) fell 1.66%, and iShares Ethereum Trust ETF (ETHA) dropped 3.22%. The probability of a rate hike remains low at 8%, but the uncertainty surrounding the Federal Reserve's decision could maintain market volatility. To regain stability, crypto markets would need to see Bitcoin hold above the $80,000 level and major altcoins demonstrate renewed strength.
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