Bitcoin fell below $80,000 after the Federal Reserve held its benchmark rate at 3.75%–4% on October 28. BTC traded around $79,800, down 1.5% over 24 hours, despite renewed demand for U.S. spot Bitcoin ETFs. Two Fed policymakers favored a quarter-point increase, underscoring persistent concerns about inflation.
According to SoSoValue data cited in the report, the ETFs drew $423.66 million across October 26–28, including $137.33 million in the latest session. Those inflows followed substantial withdrawals the previous week and did not prevent the price decline. Fund subscriptions do not necessarily produce an immediate or proportionate gain in Bitcoin's market price. Santiment also reported weaker weekday transaction and active-address counts for October 14–27 than the July–September averages, offering little evidence of accelerating network activity.
https://crypto.news/why-is-bitcoin-price-down-today-fed-etf-inflows/
oxhak / Ox HaK
npub1sx…dz7z7
2026-10-29 09:35:31 UTC
Author Public Key
npub1sxexewvzysc3affq4yzzh7w8e3udyujap2vlj7t6lkdg5dvhp24q4dz7z7Published at
2026-10-29 09:35:31 UTCEvent JSON
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"content": "Bitcoin fell below $80,000 after the Federal Reserve held its benchmark rate at 3.75%–4% on October 28. BTC traded around $79,800, down 1.5% over 24 hours, despite renewed demand for U.S. spot Bitcoin ETFs. Two Fed policymakers favored a quarter-point increase, underscoring persistent concerns about inflation.\n\nAccording to SoSoValue data cited in the report, the ETFs drew $423.66 million across October 26–28, including $137.33 million in the latest session. Those inflows followed substantial withdrawals the previous week and did not prevent the price decline. Fund subscriptions do not necessarily produce an immediate or proportionate gain in Bitcoin's market price. Santiment also reported weaker weekday transaction and active-address counts for October 14–27 than the July–September averages, offering little evidence of accelerating network activity.\n\nhttps://crypto.news/why-is-bitcoin-price-down-today-fed-etf-inflows/",
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