Bitcoin slides after the Fed’s hawkish hold On Oct 29, around 09:24 IST, Bitcoin slipped to roughly **$79,750**, marking a **1.63% decline** in the past 24 hours and a **3.71% fall** over the last week. The move came minutes after the US Federal Reserve announced it would keep the policy rate unchanged in the 3.75 %‑4.00 % band.
Why the price fell While the Fed left rates steady, the minutes revealed that **two policymakers advocated a 25‑basis‑point hike**, keeping the prospect of tighter monetary policy alive. The mixed signal disappointed traders who were hoping for a clearer dovish stance. > “Bitcoin’s post‑Fed rally quickly faded, with BTC slipping back below the $80,000 mark after facing strong resistance around $81,500–$82,000. The primary trigger was the Federal Reserve’s hawkish hold,” said **Riya Sehgal**, Research Analyst at Delta Exchange.
Technical outlook from market participants WazirX founder **Nishchal Shetty** believes the price action still shows buying interest, but stronger participation is needed to revive momentum. He outlined the following zones: - **Immediate support:** $79,500‑$79,800 (followed by $77,700‑$78,000) - **Resistance:** $80,400‑$81,200 Holding the first support level could stabilise the market structure, while a break above resistance would improve short‑term bullishness.
Institutional ETF flows remain modest Despite the price dip, institutional demand for crypto‑related exchange‑traded funds stayed positive but measured. In the latest reporting period: - US spot **Bitcoin ETFs** attracted **$1.3 million** of net inflows. - **Ethereum ETFs** saw a larger **$23.4 million** inflow, driven largely by Fidelity’s **FETH**. Shetty cautioned that ETF buying is only one piece of the puzzle, noting that profit‑taking, derivatives positioning, exchange supply and broader macro uncertainty can absorb institutional buying before it translates into a noticeable spot‑price move.
Market sentiment and forward view The crypto market now looks to upcoming US technology earnings, which could sway broader risk appetite. Giottus CEO **Vikram Subburaj** warned that “persistent inflation and the possibility of further tightening are limiting confidence in a sustained recovery.” He advised investors to use staggered entries, keep position sizes measured, and watch Bitcoin’s support levels, ETF flows and forthcoming US economic data before adding exposure.
--- *The price figures and analyst comments are based on data released on Oct 29, 2026.*