Fed Rate Bets: Why Are Bitcoin, Ethereum and XRP Prices Falling Today?

The crypto market is under pressure before the Fed Rate decision on Wednesday, October 28. Total market value slipped 1.03% to about $2.66 trillion as traders cut risk.

Bitcoin lost the $80,000 level over the weekend.

Why Is the Crypto Market Down Today?

Coin

Price

Latest Move

Bitcoin

Below $80,000

Low near $79,300, rejected near $81,000

Ethereum

$2,318.68

-0.96%

XRP

$1.28

-1.45%

Solana

$100.66

-0.58%

How Will the Fed Meeting Affect Bitcoin and Crypto?

CME FedWatch shows a 90.6% chance the Fed holds rates at 3.75% to 4.00%. A 25-basis-point hike has a 9.4% chance. Easing sits at 0%.

Timeframe

Hold (3.75%-4.00%)

Hike (4.00%-4.25%)

Now

90.6%

9.4%

1 day ago (Oct 23)

90.0%

10.0%

1 week ago (Oct 16)

84.5%

15.5%

1 month ago (Sep 25)

35.8%

64.2%

A hold is now mostly priced in. Source: CME FedWatch.

So the words around the Fed Rate call may matter more than the call itself.

What Is Coming in Crypto This Week?

Date

Event

Oct 28

FOMC decision and Kevin Warsh press conference

Oct 29

US PCE inflation and GDP data

Oct 30

Japan unemployment data and BOJ rate decision

All week

35% of S&P 500 companies report earnings

What Are the Bitcoin Support and Resistance Levels?

BTC trades below the 20-day EMA at $81,846 and the 50-day EMA at $80,733. RSI is near 41, which shows weak momentum.

Level

Type

Note

$84,000 to $87,404

Resistance

Range top

$82,500

Resistance

Floor lost last Thursday

$80,700 to $81,850

Resistance

50-day and 20-day EMA

$79,000 to $78,000

Support

Immediate zone

$77,629

Support

100-day EMA

$76,300 to $74,000

Support

200-day EMA, next target

Where Could Bitcoin Go Next?

If $79,000 to $78,000 breaks, a slide toward $76,300 to $74,000 is possible. A move toward $76,000 would signal a real downtrend.

If buyers reclaim $80,700 to $81,850, the way to $84,000 to $87,400 opens.

Recent sessions have repeatedly targeted leveraged retail positions. Liquidity clusters sit near $81,500, $79,000, and $78,800. Sellers are in control, so a sweep lower may come first.

A firm tone on the Fed Rate path could add pressure. A calm one may help buyers. Nobody knows yet.

How Many Crypto Liquidations Happened Today?

CoinGlass says 61,207 traders were liquidated in 24 hours. Longs took 73.8% of the losses.

Period

Total

Long

Short

1 hour

$11.19M

$8.95M

$2.23M

4 hours

$21.97M

$13.42M

$8.55M

12 hours

$114.80M

$95.51M

$19.30M

24 hours

$160.78M

$118.71M

$42.07M

Coin

24h Liquidations

Side

Ethereum

$43.39M

72.5% long

Bitcoin

$36.11M

75.5% long

Others

$17.08M

82.1% long

XYZ:EWZ

$12.16M

99.6% long

Solana

$5.34M

Mostly long

Zcash

$5.03M

Mostly short

APR

$3.66M

Mostly long

Source: CoinGlass. Binance had 49.5% of the total. The largest order was a $6.97 million ETHUSDT long at $2,322.05.

What Is the Crypto Fear and Greed Index Today?

Time

Score

Mood

Now

50

Neutral

Yesterday

54

Neutral

Last week

59

Greed

Last month

74

Greed

Sentiment cooled from strong greed to neutral in a month. Source: alternative.me, updated Oct 26, 2026.

What Are the Ethereum Support and Resistance Levels Today?

ETH was rejected near $2,700 to $2,780 and has made lower highs. It slipped under the rising trendline from the July low.

Price sits below the 20-day EMA at $2,441 and the 50-day EMA at $2,459. It is near the 100-day EMA at $2,363 and the 200-day EMA at $2,318.90. RSI is 33.79, close to oversold.

Level

Zone

Why It Matters

Resistance 2

$2,500 to $2,550

Relief rally target

Resistance 1

$2,360 to $2,460

EMA zone bulls must reclaim

Support 1

$2,300 to $2,280

Immediate floor

Support 2

$2,220

Next stop if support breaks

Support 3

$2,150

Deeper downside

Will Ethereum Rebound or Drop Further?

If buyers defend $2,300 to $2,280 and reclaim $2,360 to $2,460, a rally toward $2,500 to $2,550 could follow.

If ETH breaks below $2,280 and stays there, $2,220 and $2,150 come into view.

What Are the XRP Support and Resistance Levels?

XRP trades near $1.28. Ali Charts says $1.26 is the lower edge of a channel forming since August. The 4-hour chart marks it with an arrow.

Level

Type

$1.62, $1.52, $1.43, $1.34

Resistance

$1.26

Support (channel line)

$1.11

Support (first target)

$0.98

Support (channel target)

Can XRP Fall to $0.98?

The bearish case rests on fewer large wallets, higher exchange balances, and a break below $1.26.

If $1.26 fails, $1.11 comes first, about 12% lower. The channel then points to $0.98, about 22% below $1.26.

If $1.26 holds, XRP could stay between $1.26 and $1.34 for a while. None of this is certain.

Disclaimer

This article is for information only and is not financial advice. Crypto is volatile, and losses are possible. Do your own research before investing.