Bitcoin fell below $80,000 during Asian trading on October 29, 2026, giving back part of its advance from the previous day as financial markets digested the Federal Reserve’s decision to leave interest rates unchanged. Exchange price records show the leading cryptocurrency traded near $79,600 at its intraday low after having reached roughly $81,700 on October 28. These figures describe a trading window, not a fixed or current Bitcoin price.
Bitcoin gives back its post-Fed advance
Bitcoin’s retreat followed an October 28 meeting in which the Federal Open Market Committee maintained its target range for the federal funds rate at 3.75% to 4%. The vote was 10–2, with Lisa D. Cook and Beth M. Hammack preferring a quarter-point increase.
The Fed’s official policy statement said economic activity was expanding at a strong pace but inflation remained elevated. The decision itself was not a rate increase. Investors instead had to weigh the possibility that borrowing costs could remain restrictive for longer than expected.
On October 29, publicly reported Kraken market data placed Bitcoin’s session low around $79,615, below the psychologically important $80,000 level. Price levels can differ slightly across trading venues. They should not be interpreted as a prediction of where the cryptocurrency will trade next.
What the market reaction means
Bitcoin is traded around the clock, while US equity and interest-rate markets follow different schedules. The move unfolded as investors also reacted to developments in technology shares, creating more than one possible source of pressure. A temporal link between the Fed announcement and Bitcoin’s decline does not, by itself, establish that monetary policy caused the selling.
Traders typically monitor leveraged futures positions during sharp moves because forced liquidations can amplify short-term swings. However, liquidation totals vary across data providers and reporting windows. BlockBriefing has not treated an unverified all-exchange liquidation estimate as a confirmed figure in this report.
For the policy background, see BlockBriefing’s October 28 report on the Federal Reserve’s decision. The key near-term question is whether Bitcoin holds or retakes $80,000 while traders evaluate incoming economic data and changing expectations for the Fed’s next meeting.
Primary sources: Federal Reserve, October 28 policy statement; Kraken Bitcoin market data; Kraken BTC/USD historical session data. Market price references are time-sensitive.
