Bitcoin Dips Below $80,000 as Crypto Market Sees $120M in Liquidations Ahead of Key Fed Policy Decision
Leading cryptocurrencies extended their pullback on Monday, October 26, 2026, with Bitcoin slipping below the psychological $80,000 mark and Ethereum hovering near $2,315 as traders brace for upcoming U.S. Federal Reserve interest rate decisions.
The cryptocurrency market opened the week under selling pressure on Monday, October 26, 2026, as investors weighed macroeconomic uncertainty and upcoming Federal Reserve interest rate moves. Bitcoin (BTC) extended its correction after three consecutive weeks of losses, trading around $79,840—just below its 50-day Exponential Moving Average (EMA) of $80,787.
Ethereum (ETH) and Ripple (XRP) followed Bitcoin's downward trajectory. Ethereum slipped below its key ascending trendline to trade near $2,314–$2,323, while XRP edged down to $1.29, slipping just below its $1.30 horizontal support level. In Asian trading hours, Solana (SOL) also saw muted activity as broader markets waited for policy clarity.
According to market liquidation figures cited by Benzinga, roughly $120 million in leveraged crypto positions were liquidated over the past 24 hours, with $82 million coming from bullish long positions. Bitcoin's open interest declined by 1.29% over the same 24-hour window, though the Crypto Fear & Greed Index continues to hold in "Neutral" territory. Technical analysts point to $77,677 (100-day EMA) and $76,300 (200-day EMA) as critical downside support floors for Bitcoin if selling pressure persists this week.
#Crypto #Bitcoin #Ethereum #XRP #CryptoMarket #FedRates #ZiombuckCrypt
Leading cryptocurrencies extended their pullback on Monday, October 26, 2026, with Bitcoin slipping below the psychological $80,000 mark and Ethereum hovering near $2,315 as traders brace for upcoming U.S. Federal Reserve interest rate decisions.
The cryptocurrency market opened the week under selling pressure on Monday, October 26, 2026, as investors weighed macroeconomic uncertainty and upcoming Federal Reserve interest rate moves. Bitcoin (BTC) extended its correction after three consecutive weeks of losses, trading around $79,840—just below its 50-day Exponential Moving Average (EMA) of $80,787.
Ethereum (ETH) and Ripple (XRP) followed Bitcoin's downward trajectory. Ethereum slipped below its key ascending trendline to trade near $2,314–$2,323, while XRP edged down to $1.29, slipping just below its $1.30 horizontal support level. In Asian trading hours, Solana (SOL) also saw muted activity as broader markets waited for policy clarity.
According to market liquidation figures cited by Benzinga, roughly $120 million in leveraged crypto positions were liquidated over the past 24 hours, with $82 million coming from bullish long positions. Bitcoin's open interest declined by 1.29% over the same 24-hour window, though the Crypto Fear & Greed Index continues to hold in "Neutral" territory. Technical analysts point to $77,677 (100-day EMA) and $76,300 (200-day EMA) as critical downside support floors for Bitcoin if selling pressure persists this week.
#Crypto #Bitcoin #Ethereum #XRP #CryptoMarket #FedRates #ZiombuckCrypt
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