Crypto Market Today, Oct. 26: Bitcoin Slips Below $80,000 as Fed Decision Looms
As of early evening on Oct. 26, the broader cryptocurrency market extended its losing streak amid fading risk appetite. Notably, Bitcoin (CRYPTO:BTC) fell 0.28% to $79,817.06, Ethereum (CRYPTO:ETH) fell 0.58% to $2,313.61, and Solana (CRYPTO:SOL) fell 0.94% to $100.30. What's dri
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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