{"id":245251,"date":"2026-10-29T10:05:37","date_gmt":"2026-10-29T10:05:37","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=245251"},"modified":"2026-10-29T10:05:37","modified_gmt":"2026-10-29T10:05:37","slug":"bitcoins-post-fomc-rollercoaster-continues-as-near-dumps-8-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=245251","title":{"rendered":"Bitcoin\u2019s Post-FOMC Rollercoaster Continues as NEAR Dumps 8%: Market Watch"},"content":{"rendered":"

Although the US Federal Reserve\u2019s decision to keep rates steady was in line with expectations, BTC\u2019s price still experienced some major fluctuations, with the latest being a drop below $80,000.<\/p>\n

The altcoins have dived in the Red Sea today, with almost all posting notable losses, led by BCH and NEAR. BTW, though, has defied the overall trend again.<\/p>\n

BTC Slides to $80K<\/h2>\n

After last Wednesday\u2019s rejection at $85,000, bitcoin went into a major correction on the lower timeframe, dumping to $83,000 within hours and to $81,000 by Thursday. The bearish sentiment prevailed in the following days again and culminated on Saturday with a price drop to $79,100 \u2013 BTC\u2019s lowest level in five weeks.<\/p>\n

Although the cryptocurrency tried to rebound by the end of the weekend, it couldn\u2019t really move past<\/a> $80,000 for long. It finally started to regain serious traction on Tuesday and Wednesday morning, when it surged<\/a> to $81,700 ahead of the second-to-last FOMC meeting for the year.<\/p>\n

The Federal Reserve\u2019s decision came with little surprise for the markets, as the central bank maintained<\/a> rates after hiking them in September. Fed Chair Warsh didn\u2019t rule out another increase in December, and BTC\u2019s price volatility ensued. The asset had dipped to $80,500 before the meeting, surged to $81,800 after it, but it was rejected and slumped to $79,600 hours later.<\/p>\n

It has been unable to stage a notable comeback since then, and currently struggles at around $80,000. Its market cap is down to $1.61 trillion on CMC, while its dominance over the alts hangs at 60%.<\/p>\n

<\/a>BTC\/USD October 29. Source: TradingView<\/p>\n

Alts in Red<\/h2>\n

As it typically happens when BTC heads in one direction, the alts follow tightly. Ethereum is down to $2,320 after a 2.14% decline. XRP has dipped below $1.30 after a 3% decline. SOL is back at $100, while ZEC has tanked by more than 5% to $1,250.<\/p>\n

HYPE, DOGE, LINK, and ADA are also well in the red. NEAR and BCH lead the adverse trend, with losses of around 8% each. CC, ENA, and MNT have dropped by up to 7%. BTW is the only major exception. The asset has rocketed by 8% and sits close to $1.90.<\/p>\n

The total crypto market cap has dropped by 1.5% since yesterday, and it\u2019s down to $2.680 trillion on CMC.<\/p>\n

<\/a>Cryptocurrency Market Overview October 29. Source: QuantifyCrypto<\/p>\n

\u00a0<\/p>\n

The post Bitcoin\u2019s Post-FOMC Rollercoaster Continues as NEAR Dumps 8%: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Although the US Federal Reserve\u2019s decision to keep rates steady was in line with expectations, BTC\u2019s price still experienced some major fluctuations, with the latest being a drop below $80,000. The altcoins have dived in the Red Sea today, with almost all posting notable losses, led by BCH and NEAR. BTW, though, has defied the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-245251","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/245251"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=245251"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/245251\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=245251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=245251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=245251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}